Interest on service tax: whether allowable in income tax?
This query is : Resolved
19 March 2014
Hello,
A Pvt Ltd has paid Interest on late payment of Service Tax. Is this an allowable expenditure under Income Tax Act considering it has Income from Business/Profession?
A Pvt Ltd has paid Interest on late payment of Service Tax. Is this an allowable expenditure under Income Tax Act considering it has Income from Business/Profession?
20 March 2014
Interest on service tax will be allowed as deduction.
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