Revised schedule vi

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Querist : Anonymous (Querist)
06 November 2012 Interest paid to Income tax department upon assessment, whether to be shown under Interest Expense or under Misc Expenditure?

06 November 2012 It can be shown in P & L A/c. Income Tax Paid for earlier Years. Make a separate A/c i.e. Interest on Income Tax Paid A.Y.....



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