Whether deduction allowed or not ?
This query is : Resolved
12 December 2011
Dear sir
i have paid penalty for late payment of tractor loan interst. ie int on int .whether deduction allowed or not ?
i have paid penalty for late payment of tractor loan interst. ie int on int .whether deduction allowed or not ?
12 December 2011
Yes interest on delayed payment is allowed under section section 37 (1)
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