when penal interest is not allowed as deduction
This query is : Resolved
05 April 2010
can anyboby help me, when penal interest can be allowed as deduction . and when it cannot be allowed as deduction.
05 April 2010
Penal Interest on any tax other than income tax is allowed as an expenditure.
only the penalty is an unallowable expenditure.
only the penalty is an unallowable expenditure.
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