Disallownace under section 43b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Dear Sir,
A PSU is taking loan from Govt. and making provision for interest. PSU is not paying any interest to Govt from several years but only making provisions....
My question is whether this interest is an allowable expenses under income tax .......
Your guidance is valuable....
please suggest...
Thanks in advance.....
A PSU is taking loan from Govt. and making provision for interest. PSU is not paying any interest to Govt from several years but only making provisions....
My question is whether this interest is an allowable expenses under income tax .......
Your guidance is valuable....
please suggest...
Thanks in advance.....
21 September 2013
Yes. the same shall be disallowed under 43b(c)
21 September 2013
Yes the same shall be disallowed.
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