Service tax late payment interest
This query is : Resolved
08 March 2018
If service tax late payment interest paid .
Can this interest payment expenditure allow for Income tax purpose.
( debited to profit and loss account )
If not allow then which section.
Thanking You,
Rajkumar Gutti
If service tax late payment interest paid .
Can this interest payment expenditure allow for Income tax purpose.
( debited to profit and loss account )
If not allow then which section.
Thanking You,
Rajkumar Gutti
08 March 2018
Yes. Inference - https://www.taxindiaonline.com/RC2/print_story.php?newsid=10324
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