Income tax
This query is : Resolved
23 December 2011
Loan taken for payment of advance tax is allowed under the income tax act or not
if payment is made from CC A/c then interest is allowed or not?
if payment is made from CC A/c then interest is allowed or not?
23 December 2011
Why will you show it as loan taken for payment of Advance Tax? Just show the amount as any other loan obtained for running the business. It will be allowed.
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