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Interest on service tax: whether allowable in income tax?

This query is : Resolved 
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(Querist)
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?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
20 March 2014 Interest on service tax will be allowed as deduction.
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