Interest disallowed u/s 37
CA SRI RAM BHAGAT (ca) (24 Points)
16 January 2016CA SRI RAM BHAGAT (ca) (24 Points)
16 January 2016
Jaspal Singh
(Practising CA)
(449 Points)
Replied 16 January 2016
ashim
(partner)
(30 Points)
Replied 17 January 2016
Ashok J
(CA Final)
(880 Points)
Replied 18 January 2016
As per a case law if CC amt is utilised to pay income tax, such int is disallowed.....if used for anyother purpose, its allowed
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