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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2014 Dear Sir,

is interest on 234b & 234c is allowable while computing the income tax laibility

please help?

Nikhil Kaushik (Expert)
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08 March 2014 what you mean by allowable? as an expense? please note that tax expenses are never allowed as deduction

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2014 Sir i mean interest on advance tax (234b& 234c)...will be allowed or disallowed as per income tax act?

Nikhil Kaushik (Expert)
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08 March 2014 as i said, any payment related to direct tax is not allowed anyways in the income tax act.

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