banner_ad

Tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 May 2013 Hi guys can anyone tell me if the amount of interest paid on late payment of mvat is deductible as per income tax act. 1961 or not...
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
15 May 2013 all penalty,late fees debited to profit&loss account were disallowed as per incometax act


can be shown in 17 clause of 3cd(e)(ii) any other penalty,fee,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link




Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details