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Profession tax

This query is : Resolved 
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(Querist)
22 September 2014 Is Profession tax, penalty & interest on it are debited to P&L account?
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
22 September 2014 Yes, the mentioned expenses are to be debited to P&L A/c.
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Rupesh Jain

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Rupesh Jain (Expert)
07 October 2014 yes you can debit the above but penalty not allowed under the income tax a/c
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