Professional tax
This query is : Resolved
Ajay S.Yadav
(Querist)
23 September 2014
Dear sir,
Interest paid on delay payment of professional tax is allowed as deduction or not?
Interest paid on delay payment of professional tax is allowed as deduction or not?
Nikhil Kaushik
(Expert)
26 September 2014
interest of compensatory nature is allowed as expenses...but if it is in nature of penalty, then not allowed
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