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Penalty of professional tax allowed or disallowed

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(Querist)
09 January 2016 whether interest on late payment of professional tax and penalty on professional tax is allowed under income tax Act also provide related case law
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
09 January 2016 Penalty on PT is disallowed
Disallowance of certain taxes
By virtue of section 40(a)(ib)/(ic)/(ii)/(iia) following are not deductible:
 Income-tax (including interest, fine, penalty, etc.) whether payable in India or outside
India Wealth tax levied under the Wealth-tax Act, 1957 or similar tax chargeable under
any law outside India
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 January 2016 Interest on late payment of Professional Tax , being compensatory in nature is allowable.
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