Can deductible interests paid on late payment to creditors
This query is : Open
07 October 2017
Sir
Weather expenditure deductible from business income as interests paid on late payment to sundry creditors.
Weather expenditure deductible from business income as interests paid on late payment to sundry creditors.
08 October 2017
Same is allowed expense u/s 37 of IT Act because it os used for business purpose.
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