TaxTMI 
TaxTMI 
Interest on Advance Tax
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....nterest on Advance Tax<br> Query (Issue) Started By: - JAIPRAKASH RUIA Dated:- 5-1-2018 Last Reply Date:- 6-1-2018 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear Sir, Whether Interest paid on inst....
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....alment of advance tax, and self- assessment tax is a finance cost. Is the same allowed as business expenditure ? What are relevant section and rules ? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In....
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.... 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 taxes and as per definition of, Interest u/s 234 A....
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.... , B C not part of that. Reply By Ganeshan Kalyani: The Reply: It is not a business expenditure.<br> Discussion Forum - Knowledge Sharing ....