Can deduction be claimed on penalty on statutory dues
This query is : Open
Deepak Agarwal
(Querist)
29 September 2017
Dear Sir,
Please guide on the matter regarding the Claiming of Deduction on Penalty on Statutory Dues (Being Shown under Other Expenses)
Please confirm whether its right if yes how..?
Thanks & Regards
Deepak
Please guide on the matter regarding the Claiming of Deduction on Penalty on Statutory Dues (Being Shown under Other Expenses)
Please confirm whether its right if yes how..?
Thanks & Regards
Deepak
CA R SEETHARAMAN
(Expert)
29 September 2017
No it is not right Claiming of Deduction on Penalty on Statutory Dues.
Gokul Sharma
(Expert)
29 September 2017
The above penalty exp is disallowed under income tax act .
29 September 2017
Yes...
The Penalty is disallowed under Income Tax act...
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