Hello,
interest paid on custom duty
whether it is allowable exp or disallow in income tax.
Menu
Disallow of interest
Replies (8)
Interest expenses would be allowed as deduction.
If interest paid on late payment of tds then ?
Then it is also an deductible
Yes because interest doesn't tantamount to any penalty paid on infraction of law
Agreed
Agree with janak
Tks Sir
Your welcome
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
