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Deduction of expense for interest on tds, fbt & service tax

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(Querist)
23 April 2008 Hi, Can anybody plz inform me that how should the Interest paid on delayed deposit of TDS, FBT and Service Tax be shown in books of A/cs i.e can deduction be claimed in that regard or not?
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
24 April 2008 It is inadmissible exp
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varun gupta

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varun gupta (Querist)
24 April 2008 Thanks Shailesh, but i would like to confirm whether interest on all these liabilities is inadmissible or any of them can be treated as business expense?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
05 May 2008 interest paid under income tax is inadmissible. means interest on income tax, tds, fbt is inadmissible

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