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Service tax late payment interest

This query is : Resolved 
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(Querist)
08 March 2018
If service tax late payment interest paid .

Can this interest payment expenditure allow for Income tax purpose.
( debited to profit and loss account )

If not allow then which section.


Thanking You,
Rajkumar Gutti
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 March 2018 Yes. Inference - http://www.taxindiaonline.com/RC2/print_story.php?newsid=10324

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