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Penalty paid under income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2016 if any penalty paid under income tax such as 234 E or 271 F or 271 D or 271 E then in this case while computing income tax all penalty shall be added to compute income tax ,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 August 2016 Yes all penalty will be added back to compute tax.
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CA ANILKUMAR B.COM FCA DISA

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CA ANILKUMAR B.COM FCA DISA (Expert)
21 August 2016 As these expenditures are incurred as a result of violation of law, can't be deducted as expenses.
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