interest expenses not paid on cash credit
This query is : Resolved
16 July 2010
if interest on CC remained un paid
is it admissable expenses or not? 43B disallowance applies for it or not
please guide me
is it admissable expenses or not? 43B disallowance applies for it or not
please guide me
16 July 2010
Yes interest on overdraft / CC limit are now hit by section 43 B and only allowable when paid
16 July 2010
Interest expense is allowable as deduction on payment basis vide Section 43B.
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