Provisions of Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertaking Act, 1993 - Interest not to be allowed as deduction from income - regarding.

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....ng Act, 1993 - Interest not to be allowed as deduction from income- The provision of Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings under the Small Scale and Ancillary Industrial Undertaking Act, 1993 (No. 32 of 1993) came into force on 23rd day of September, 1992 with an objective to provide for and regulate the payment of Interest on delayed payments to Small ....