Allowalibility of exp.
This query is : Resolved
sunil heda
(Querist)
19 August 2013
payment of sales tax demand rs 100000 for the AY 2011-2012 paid in AY 2013-2014 & Assessment also completed in AY 2013-2014
In Incomet tax sales tax demand Rs 100000 Allow or not in AY 2013-2014
With Reason
In Incomet tax sales tax demand Rs 100000 Allow or not in AY 2013-2014
With Reason
Dintakurthi Tirumala
(Expert)
19 August 2013
It depending on the nature of demand. If the demand is for the short payment of sales tax then it is allowable, in case it is for the penalty for the evasion of tax then it is not allowable as expenditure.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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