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Penalty paid for pt should be included in form 3cd or not.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2013 In the last Month i.e. for March 2013 a Penalty of Rs.1000 paid For PT, should it be included in form 3CD Pt.17 Sub part(e):
e)(i) Expenditure by way of penalty or fine for violation of any law for the time being in force;
(ii)Any other penalty or fine;
Should i show this amount here or not.

17 September 2013 Yes to be shown in Form 3CD and to disallow u/s 37(1) in income tax computation as well.

17 September 2013 Sir Bad debts written off is disallowed or allowed..
.
.
if disallowed whereh to show in form 3cd

Please note bad debts written off without creating any provision for bad debts

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2013 Thanks Sir


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