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................
CAclubindia
