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Interest , penalty on vat, cst, tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 October 2014 Whether interest and penalty paid on VAT, CST,TDS in response to demand raised or notice , Is allowed or disallowed while computation of income for Company ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 October 2014 Disallowed while computation of Taxable Income.
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