INTEREST PAIN ON SERVICE TAX

[Natwar Ladha]

Interest paid on Service Tax are allowable expenses under Income Tax 

Pls. Reply and Send Related Case Law for this Query.

Thanks

Natwar Ladha

[DR.MARIAPPAN GOVINDARAJAN]

What is your query? Whether you want a case that decides that the interest paid on service tax is allowable expenses?

AI Summary

Deductibility of interest on service tax questioned as to its allowability as a business expense under income tax law. Deductibility of interest on service tax is presented as the primary question: whether interest paid on service tax liabilities qualifies as an allowable expense under income tax, with the recorder requesting related case law; the sole reply asks whether a case deciding that interest on service tax is allowable is what is being requested.