late penalties paid to epf and esi departments
This query is : Resolved
23 October 2019
we are doing a business of providing manpower to some government agencies.......due to late remuneration received from such government agencies.... most of the epf and esi payments were paid later than due dates..can we claim deduction for penalties paid for these late payments under section 37...
24 October 2019
Penalties Late fees and Interest disallowed u/s 37
24 October 2019
Penalties are not allowed in Income Tax.
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