Easy Office
LCI Learning

Business expenditure-interest on income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 June 2012 Dear Friends,

Whether the payment of "interest on Income tax paid" is allowed business expenditure or not?
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
08 June 2012 no it is not allowed as business exp. u/s 37. (Contravention of law)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links