Interest paid on duties treated as expenditure or not

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..... Interest paid on duties treated as expenditure or not
Query (Issue) Started By: - Mathurthi RamKumar Dated:- 14-12-2016 Last Reply Date:- 14-12-2016 Income Tax
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Income Tax
De .....

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..... ar 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 .....

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..... Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view it may be treated as expenditure. Reply By Ganeshan Kalyani: The Reply: Interest paid for violation of any law is not a business expenditure .....

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..... . So in my view it may not.
Discussion Forum - Knowledge Sharing .....

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