Late fee paid for IT filing


This query is : Resolved 

Quick Summary
This discussion clarifies whether a late fee paid for filing an IT return can be claimed as a business expense. The consensus is that it cannot be claimed, even for companies or partnership firms. Therefore, these late fees are not tax-deductible business expenses.

(Querist)
21 January 2025 Can I claim the late fee paid for filing my IT return late as a business expense?

21 January 2025 No. Not allowed.

Mahesh S M (Querist)
21 January 2025 I mean, IT return of company or Partnership firm

21 January 2025 No. Not even for company or Firm.

Mahesh S M (Querist)
21 January 2025 thanks, sir, for your clarification.

21 January 2025 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details