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CLAIMING OF INTEREST

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(Querist)
14 March 2009 hi....

can i claim interest u/s 234B,C as an expense?

If not what is the reason for not allowing it as deduction?

can anyone quote it with section?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
14 March 2009 Any interest, penalties paid under any provision of income tax act is dis-allowed as expense while calculating the business income.

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