Hello,
interest paid on custom duty
whether it is allowable exp or disallow in income tax.
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Disallow of interest
Replies (8)
Quick Summary
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
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