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Tax or interest is allowable

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2016 Whether tax and interest paid on regular assessment (demand by the department ) is allowable as per income tax,
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
30 July 2016 Neither income tax nor interest thereon is allowed as deduction.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2016 Thanks sir,
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