CLAIMING OF INTEREST
This query is : Resolved
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?
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?
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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