Whether Interest on Late payment of Dividend distribution Tax is Deductible Expenditure under Income Tax Act,1961?
Priyank Banker (Articled Assisstant) (36 Points)
19 January 2013Whether Interest on Late payment of Dividend distribution Tax is Deductible Expenditure under Income Tax Act,1961?
Manikanth
(Chartered Accountant)
(342 Points)
Replied 19 January 2013
No.As per the provisions of IT, it is disallowed
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