interst u/s 234D

[hubert fernandes]

Whether interest paid u/s 234D of the Income Tax Act is a allowable deduction

AI Summary

Interest Paid Under Section 234D of Income Tax Act Not Deductible for Direct Taxes A user inquired about the deductibility of interest paid under section 234D of the Income Tax Act. The response clarified that interest paid related to direct taxes is not an allowable deduction, and therefore, interest paid under section 234D is not deductible.