Interest on tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2013 Dear Sir,
In case of partnership firm interest on self assessement tax paid in the month of June 2013, for the Ay 2013-14, would be debited from the P&L of FY 2012-13
or
From FY 2013-14.

Please advise me.

24 June 2013 Interest need to be booked at 2013-14. since the assessment happening in the 2013-14

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2013 Whether it is a allowable expences or not?

25 June 2013 It is not allowable expenses


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