WhatsApp Business Automation Mastery
Certification Course On Mastering Balance Sheet Audit with AI Tools
Proof Your Business: Expert GST Reconciliation Skills
Balance Sheet Audit with AI
The Price of Silence: Why You Can't Ignore Foreign Assets in Your ITR
INCOME TAX READY REFERENCER (4TH EDITION FOR AY 2025-26 / 2026-27)(E-Book)
Is interest paid on Excise duty sales tax allowed???
pls reply its urgent..
thks in advance
It depends on whether it is Compensatory interest or Penal interest..
Penal interest will not be allowed for Income Tax purposes..
However, Compensatory interest on Excise & Sales tax shall be allowed for Income Tax purposes
Interest paid on Excise and Custom is allowable expenditure. Whereas interest paid of TDS And income tax is not allowable
i think Vandana is right!!!
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: