Whether intt. on late payment of excise duty, is disallowed?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2011
Pease suggest whether interest paid for late payment of Excise Duty & Land Lease premium to State Govt. will be disallowed under IT Act.
Whether such Intt. payment require to report in 3CD??? If yes then in which clause it will fall????
Please reply soon
Very Good evening
Pease suggest whether interest paid for late payment of Excise Duty & Land Lease premium to State Govt. will be disallowed under IT Act.
Whether such Intt. payment require to report in 3CD??? If yes then in which clause it will fall????
Please reply soon
Very Good evening
18 September 2011
Interest on late payment of excise duty and lease rental is eligible deduction and should not be disallowed.
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