TaxTMI 
TaxTMI 
TaxTMI 
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
Interest paid on duties treated as expenditure or not
Mathurthi RamKumar
Debate on Whether Interest on Excise, Service Tax, and Cess Duties Qualifies as Business Expenditure for Income Tax A participant inquired whether interest paid on duties such as excise, service tax, and cess could be treated as an expenditure for income tax purposes. One respondent suggested that it could be considered an expenditure, while another argued that interest paid for violating any law should not be treated as a business expenditure. (AI Summary)