21 September 2012
WHETHER INT ON LATE DEPOSITED OF STATUTORY DUES ARE ALLOWABLE IN INCOME TAX POINT OF VIEW. IF NOT THEN WHAT,S NATURE OF INTEREST IS NOT ALLOWED>
21 September 2012
Only Interest Paid on Income Tax, TDS are Not allowed Under Income Tax Act. Other are Allowed for eg. on sales tax, vat cst, excise duty service tax etc.
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