An asseessee being a company has income from rent taxable under the head income from house property and income from other sources. Now it has expenses incurred in respect of interest on TDS and Service Tax. Whether such expenses shall be disallowed in Form 3CD under Sec 40(a) which relates with business expenses disallowed.? Whether interest on Service tax is allowed as business expenses?
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Interest on TDS and Service tax
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Dear Gautam
As per section 40(a) , any expenses realted to income tax , wealth tax are not allowed and same as interest paid on income tax are also not allowed.
Ans regarding the interest on service tax is alos not allowed but please also confirm with any one other about the INTEREST ON SERVICE TAX. but i m sure about income tax...................
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