Interest on Custom Duty
This query is : Resolved
04 June 2011
Is interest paid on Custom Duty considered as deductible expense as per Income Tax Rules????
05 June 2011
If Custom Duty paid is being considered as an expense , interest thereon will also be considered as an expenses.
06 June 2011
Interest on any tax or duty is in the form of compensatory in nature so i think is deductible....
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