Interest paid on duties treated as expenditure or not, Income Tax

[Mathurthi RamKumar]

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

[MARIAPPAN GOVINDARAJAN]

In my view it may be treated as expenditure.

[Ganeshan Kalyani]

Interest paid for violation of any law is not a business expenditure . So in my view it may not.