Regarding admissibility of int on service tax
This query is : Resolved
CA. Savitha vijayan
(Querist)
26 August 2009
Sir,
Please tell me whether the 'Interest on service tax' is admissible as expense in computing Income tax!!!... Kindly reply at the earliest.. Thanks in advance!!!
Please tell me whether the 'Interest on service tax' is admissible as expense in computing Income tax!!!... Kindly reply at the earliest.. Thanks in advance!!!
CA.Hanumantha Reddy
(Expert)
26 August 2009
No, it is not admissible.
26 August 2009
yes, it is admissible .
it is inadmissible only when it is of penal nature.
it is inadmissible only when it is of penal nature.
CA. Savitha vijayan
(Querist)
26 August 2009
I,m geting contrasting views... please make it clear...
chetan soni
(Expert)
27 August 2009
yes, it is allowed expenditure.
Only penal interest & penalty is not allowed.
Only penal interest & penalty is not allowed.
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