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Interest on indirect taxes

This query is : Resolved 

29 February 2012 I would like to know that, whether the following expenditures are deductible or not in the income tax:

a. interest on service tax
b. interest on vat/cst


Please confirm the section for reference.

29 February 2012 interests on service tax or vat are deductible. Only penalties in the respective acts are not allowed.



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