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MACHINERY PURCHASE -COMPANY

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(Querist)
03 September 2024 Dear Sir /Madam

We are importing machinery to our company, my question is fixed assets on bank loan any advantages, pls let me know.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 September 2024 Yes, interest on bank loan is allowed as an expese.
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