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INTEREST ON TDS, Income Tax

Issue Id: - 110637
Dated: 14-7-2016
By:- anjali khandelwal

INTEREST ON TDS


  • Contents

IS INTEREST ON TDS ALLOWABLE EXPENDITURE OR NOT? IF NOT THEN UNDER WHICH SECTION? 

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 14-7-2016
By:- Ganeshan Kalyani

Sir, interest is not business expense. It is accounted in Rent, rates and taxes which forms part of current liabilities in B/S. In my view no. Thanks.


2 Dated: 14-7-2016
By:- Ganeshan Kalyani

Sorry I posted wrong salutation. Please consider as Ms in place of Sir. Thanks.


Page: 1

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