Reagrding payments out of capital
This query is : Resolved
rajeshmadugula
(Querist)
02 September 2013
can income tax be paid out of capital
CA Vijeta Verma
(Expert)
03 September 2013
No.
Income tax is a corporate /personal liablity it can't be paid out of capital.
Though you can take loan for the same but that would be inadmissible expense for the purpose of PGBP
Income tax is a corporate /personal liablity it can't be paid out of capital.
Though you can take loan for the same but that would be inadmissible expense for the purpose of PGBP
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