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interest on advance tax

This query is : Resolved 
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(Querist)
11 October 2008 is it deductible under haed profit and gains from business and profession? please write applicable section and case laws
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 October 2008 No.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
11 October 2008 Interest on Income Tax is not a business expenditure.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
11 October 2008 Interest on Income Tax is not a business expenditure.
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Jitender

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Jitender (Expert)
11 October 2008 interest paid of any kind under income tax act is not allowed.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
11 October 2008 It is disallowable expense.
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