Interest on Advance Tax

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..... Dear Sir, Whether Interest paid on instalment of advance tax, and self- assessment tax is a finance cost. Is the same allowed as business expenditure ? What are relevant section and rules ? - Repl .....

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..... y By MARIAPPAN GOVINDARAJAN - The Reply = In my view it will not be allowed as business expenditure. - Reply By JAIPRAKASH RUIA - The Reply = But sir, saction 40 (a) (ii) talk only about rates or .....

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..... taxes and as per definition of, Interest u/s 234 A , B C not part of that. - Reply By Ganeshan Kalyani - The Reply = It is not a business expenditure. - Interest on Advance Tax - Query St .....

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..... arted By: - JAIPRAKASH RUIA Dated:- 5-1-2018 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanag .....

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..... ementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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