Whether Interest paid on delayed payment of service tax is allowable expenditure u/s 43B ??
Sachin Jain CA, CS, CWA
(Job)
(240 Points)
Replied 22 September 2008
It will not be allowed because this is the interest paid for infringement of law.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961