Disallowance of Luxury Tax
This query is : Resolved
17 June 2008
Whether luxury tax which was short collected from the customers and paid by the company based on an assessement order and charged to P&L A/c - disallowed
Whether such tax comes under the ambit of provisons of Sec 40 a
Whether such tax comes under the ambit of provisons of Sec 40 a
15 August 2008
if it is paid as penalty only then it is disaalowable ,otherwise not.
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