Penalty charged by bank

This query is : Resolved 

02 April 2010 Penalty charged by bank against stock delay & QIS delay in case of Export.Whather it will be disallowed as per ITax Act or not.

Plz give me explanation also.

Regards
ManjeetMehra
Ca-Final.
9968515470

02 April 2010 it is allowable expenses.

02 April 2010 yes allowable expenses.

04 April 2010 yes. allowable expenses


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