expenses pertaining to earlier financial years

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..... Dear Collegues, TT PL ia company in India which is a 100% subsidiary of An Italian Company called TTE. TTE supplies raw material to TTPL. TTPL because of huge losses could not pay its import bi .....

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..... lls payable to TTE, since 2008. TTE so far did not charge any interest to TTPL. TTPL annual accounts for f.y.2014-15 have already been finalized. Now TTE has sent debit note for interest for las .....

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..... t four years i.e. from f.y.2011-12 to f.y.2014-15 Shall such interest expense allowed under Income tax act? Kind regards, c.a.paresh Zatakia 9833855518 - Reply By MARIAPPAN GOVINDARAJAN - The Re .....

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..... ply = It may be incorporated in the Profit Loss Adjustment account. - expenses pertaining to earlier financial years - Query Started By: - paresh zatakia Dated:- 16-10-2015 Income Tax - Got 1 Rep .....

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..... ly - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

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..... TMITax .....

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