interest on advance tax
This query is : Resolved
11 October 2008
is it deductible under haed profit and gains from business and profession? please write applicable section and case laws
11 October 2008
No.
11 October 2008
Interest on Income Tax is not a business expenditure.
11 October 2008
Interest on Income Tax is not a business expenditure.
11 October 2008
interest paid of any kind under income tax act is not allowed.
11 October 2008
It is disallowable expense.
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