revenue expenditure
This query is : Resolved
Amit Kumar
(Querist)
27 April 2016
late fee on cst nd vat is an allowable expenditures under it act
CMA Nishad Patkar
(Expert)
27 April 2016
Late Fees (Other than Interest) is penal in nature and same is disallowed u/s 37 of IT Act.
Rupesh Jain
(Expert)
29 April 2016
fine is disallow under income tax act..
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