interest paid u/s 234abc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2010
is the interest paid by an assesse u/s234abc
allowable as a deductible expense while computing business income?plz rply at the latest.
allowable as a deductible expense while computing business income?plz rply at the latest.
11 April 2010
No, Its not deductible u/s 40(a)(ii)
11 April 2010
it is not deductible.
reason is this is your fault for not following all advance tax and return processes and act doesn't allow penalty.
reason is this is your fault for not following all advance tax and return processes and act doesn't allow penalty.
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