Interest paid to Bank , Financial Institutions or NBFC etc shall be allowed as deduction ONLY when it is actually PAID (SEC 43B)
interest, fee , penalty , cess paid under income tax Act is not allowed as deduction .
Interest in nature of penalty is not allowed
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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T R SOOD & CO
New Delhi
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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CAclubindia
