Disallownace under section 43b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Dear Sir,
A PSU is taking loan from Govt. and making provision for interest. PSU is not paying any interest to Govt from several years but only making provisions....
My question is whether this interest is an allowable expenses under income tax .......
Your guidance is valuable....
please suggest...
Thanks in advance.....
A PSU is taking loan from Govt. and making provision for interest. PSU is not paying any interest to Govt from several years but only making provisions....
My question is whether this interest is an allowable expenses under income tax .......
Your guidance is valuable....
please suggest...
Thanks in advance.....
21 September 2013
Yes. the same shall be disallowed under 43b(c)
21 September 2013
Yes the same shall be disallowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- SALE BILL AGAINST GOODS RETURN
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- STCG on ETF gold & silver
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
