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Interest paid on service tax

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(Querist)
15 September 2009 Dear Experts,
Can u tell me wether interest paid on service tax is allowed as a deduction while computing business income,Plz give proper ref/Source.
Thanx in advance
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
15 September 2009 Its allowable
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Querist)
15 September 2009 Is there any source?
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
15 September 2009 Under Section 37 of IT Act, 1961, you can claim

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