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Interest paid on Overdraft, taken for payment of Advance Income tax is Allowable expenditure/Not?

Accounting Banking taxation Finance Management
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Question added by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL
Date Posted: 2015/01/16
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Faisal Khan
by Faisal Khan , Audit Manager , Asad Rasul & Company Chartered Accountant

yes it is allowable 

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