Dear Sir,
Pls clarify , Interset paid u/s 234 is allowable or not . Suppose , if it is allowable , the Co. failed to show it as exp during the year the tax and int has been remitted .What 'll be the consequence ?
CA S Sundararajan (CAO) (536 Points)
26 January 2008Dear Sir,
Pls clarify , Interset paid u/s 234 is allowable or not . Suppose , if it is allowable , the Co. failed to show it as exp during the year the tax and int has been remitted .What 'll be the consequence ?
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 26 January 2008
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 28 January 2008
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