I have doubt regarding tax audit... My question is when preparing Tax audit whether we have to disallow int paid for late payment of tds and service tax? And what about penalty paid to vat department? My another question VAT department has raised the demand... But we did not pay all the tax? In this case whether we have to take all tax as a expenses or only payment portion?
In which accounting standard we can find the thorough information? And one more doubt is unpaid amount for demand raised by tax department is inadmissible?
CAclubindia
