Business expenditure-interest on income tax
This query is : Resolved
08 June 2012
Dear Friends,
Whether the payment of "interest on Income tax paid" is allowed business expenditure or not?
Whether the payment of "interest on Income tax paid" is allowed business expenditure or not?
08 June 2012
no it is not allowed as business exp. u/s 37. (Contravention of law)
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