Revised schedule vi

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Querist : Anonymous (Querist)

06 November 2012 Interest paid to Income tax department upon assessment, whether to be shown under Interest Expense or under Misc Expenditure?

RAJESH SHUKLA (Expert)
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06 November 2012 It can be shown in P & L A/c. Income Tax Paid for earlier Years. Make a separate A/c i.e. Interest on Income Tax Paid A.Y.....

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