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

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The deferred income tax liability:
Posted by:
Shahbaz Hayder
07-June-2015

Accounting Banking taxation Finance Management

Question added by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL
Date Posted: 2015/01/16

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1 Answers

by Faisal Khan , Audit Manager , Asad Rasul & Company Chartered Accountant

yes it is allowable

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