Income tax

ujjwal (Proprietor) (42 Points)

06 September 2013  

HELLO ALL,

INTEREST PAID ON ESIC WHILE AT THE TIME OF ASSESSMENT FOR LAST 4-5 YEARS IS ALLOWABLE AS DEDUCTION IN YEAR IN WHICH IT IS PAID OR ONLY PRINCIPAL AMOUNT I.E. BASIC TAX AMOUNT IS ALLOWABLE AS DEDUCTION ?

 

KINDLY RESOLVE MY QUAARY

 

HAPPY AUDIT PERIOD................