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Allowable expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2012 whether the following are allowed while computing the taxable income of the company :

1. Interest paid on late deposit of TDS

2. MCD Tax (i.e House Tax) paid for the premises which is being used for the purpose of carrying on the business ?

Thanks in Advance...
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neeraj

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neeraj (Expert)
05 September 2012 1 not allowed
2 allowed
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2012 Sir can you please quote the respective sections on the basis of which you have given the answer ?
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neeraj

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neeraj (Expert)
11 September 2012 Sec 40 (a) (ii)
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2012 Thanx alot sir for your valuable answer

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