Constituents of finance cost as per revised schedule vi
This query is : Resolved
Dhanesh B.Lande
(Querist)
06 August 2013
Hi,
Can you please let me know what does finance cost comprise of as per revised schedule VI?
Does interest on Late payment of Tax ( TDS, IT etc) come under the head finace cost? Please reply as soon as possible.
Can you please let me know what does finance cost comprise of as per revised schedule VI?
Does interest on Late payment of Tax ( TDS, IT etc) come under the head finace cost? Please reply as soon as possible.
06 August 2013
No Interest on Late deposit of taxes will not come under finance cost. Finance Cost will consist of interest on both secured and unsecured loan taken.
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Dhanesh B.Lande
(Querist)
07 August 2013
Thanks Sir
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