Consider business expenditure or not
This query is : Resolved
suhas potadar
(Querist)
05 August 2014
Sir,
I have a question that we have been paid interest as late payment of provident fund while, calculating the computation whether the interest expenditure was allowable as business expenditure or not.
plz suggest.
I have a question that we have been paid interest as late payment of provident fund while, calculating the computation whether the interest expenditure was allowable as business expenditure or not.
plz suggest.
AVTAR SINGH
(Expert)
05 August 2014
Interest is allowed in computing business income.
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