whether interest under MSMED Act is disallowable under Income tax Act???
which sec??????
Sanjeev Kumar Varshney
(Service)
(304 Points)
Replied 25 April 2009
Yes, Interest paid is disallowed under Income Tax Act. Section is 43 which you may again check.
C.Bhanu Chandra
(Article Assistant)
(21 Points)
Replied 21 January 2011
how to calculate msmed interest??
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