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business expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2010 whether interest paid on service tax is allowed as expenditure u/s 37 (1) and if yes provide the same with some concrete case law
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 November 2010 It is an allowable expenditure u/s 37(1). Pl see http://www.taxindiaonline.com/RC2/print_story.php?newsid=10324 for the details.
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taxindiaconnect

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taxindiaconnect (Expert)
19 November 2010 Agreed
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