Service tax interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2015
Dear expert.
plz. let me know service tax interest & penalty is allowed in income tax or not.
plz. let me know service tax interest & penalty is allowed in income tax or not.
03 February 2015
Interest on late deposit of service tax is allowable being compensatory in nature whereas penalty is not allowable being penal in nature.
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