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Service tax /sales tax panel intt

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 November 2012 Service Tax /Sales Tax Panel Intt. or Panelty paid during the year is allowable or not under income tax laws for computing income under head business or profession
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Jayant Bothra

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Jayant Bothra (Expert)
22 November 2012 Any type of penal penalty or interest paid is not allowed as deduction under income tax act.

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CA JAYANT BOTHRA

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