Poonawalla fincorps
Poonawalla fincorps

Interest on service tax: whether allowable in income tax?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 March 2014 Hello,

A Pvt Ltd has paid Interest on late payment of Service Tax. Is this an allowable expenditure under Income Tax Act considering it has Income from Business/Profession?
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
20 March 2014 Interest on service tax will be allowed as deduction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links