Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Allowable or disallowed

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2013 I have paid p.tax of my company of last 4 years in this fy with penalty and late fine.
Will i be allowed deduction for that or the expenses claimed will be disallowed?

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

18 May 2013 Penalty and Late Fine will be disallowed

Querist : Anonymous

Querist : Anonymous (Querist)

19 May 2013 And the main expenses of taxes will be allowed or not?

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

21 May 2013 any sum payable by the assessee by way of tax, duty, cess or fee, (by whatever name called, under any law for the time being in force);Refer Sec 43B

So it will allowed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now