Loan taken for pay income tax
This query is : Resolved
07 June 2014
income tax is paid through cc limit or by transfer the amount from cc limit to current account. on such transaction interest paid on the account of cc limit can we claim as expense or not???
07 June 2014
since loan is for paying income tax which is not allowed similarly int on same is not allowed.
08 June 2014
if the same is routed through current account and under what sec is disallow?/
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