hii......
please guide me regarding the allowance /disallowance of:
interest on ser tax
int on VAT
int on Professional tax
Int on tds
Iint on tele/electricity/maintainnace bills..
4 Replies
CA MAYANK WADHERA
(CA CS CMA(I))
(789 Points)
Replied 05 January 2012
interest paid on s.tax and vat & elec/tele/mant. bills is allowed
interest paid on tds and professional tax is not allowed
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 05 January 2012
interest paid on s.tax and vat and professional tax & elec/tele/mant. bills is allowed
professional tax is allowed subject to Sec. 43B
interest paid on TDS is not allowed
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 05 January 2012
| Originally posted by : mayank wadhera | ||
 |
interest paid on s.tax and vat & elec/tele/mant. bills is allowed interest paid on tds and professional tax is not allowed |
 |
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 05 January 2012
interest on ser tax = allowed
int on VAT = allowed
int on Professional tax = allowed
Int on tds = not allowed
Iint on tele/electricity/maintainnace bills.. = allowed
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