Deposited Amount Against Demand Notice

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2010 Deat All,

I have Paid amount 32445/- Against Notice of demand under section 156 of The Income Tax Act 1961 For A.Y.2008-09. But is it amount for allowable for Indirect Expenses In F.Y.2010-11 ? If not Please Advice me for Where Are applicable Of this Amount.

Thanks & Regards

Jitender Aggarwal

24 December 2010 Income Tax payment is not allowable either as direct or as an indirect expense. Debit it to the capital account of the Individual
Assessee.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2010 Thanks Mr. Paras Bafna


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