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Proft & loss account

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2011 Interest on excise duty payment to show under direct exp. head or indirect expenses head
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CA. Nitin Agrawal

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CA. Nitin Agrawal (Expert)
22 September 2011 Definitely an indirect expense as it is not related with the manufacturing activity. It is paid because of late payment of excised duty.
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
29 September 2011 I agree with Mr. nitin he is right
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