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Interest paid on duties treated as expenditure or not, Income Tax |
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Interest paid on duties treated as expenditure or not |
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Dear All, Greetings..in previous FY we paid interest on duties (excise , service tax and cess). Can we treat this amount as expenditure or not. Any supporting act kindly share me. Regards M.RamKumar Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
In my view it may be treated as expenditure.
Interest paid for violation of any law is not a business expenditure . So in my view it may not. Page: 1 Old Query - New Comments are closed. |
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