If Interest paid to Local Authority is Tax deductible.
Reply me urgent
3 Replies
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 23 June 2012
Yes, they are tax deduciible u/s 194A.
KRISHNAPRASAD IYER
(B.Com , CA Final)
(657 Points)
Replied 23 June 2012
| Originally posted by : Prateek Agarwal | ||
 |
Yes, they are tax deduciible u/s 194A. |
 |
Rupesh Maheshwari
(ACA, Dip. IFR (ACCA))
(6166 Points)
Replied 23 June 2012
Yes deductible on payment basis (Sec 43B)
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