Accounting entry

PROFESSIONAL TAX LATE FEE...AND GST LATE PAYMENT FEE OR PENALTY...PROFIT & LOSS ACCOUNT ME EXPENSE SIDE DIKHA SKTE HE ??YA CAPITAL ACCOUNT ME CHARGE HOGA???

Replies (7)
I thought capital Account

Profit and loss me show karna hoga as a Indirect Expense 

under P/L account as indirect expenses and also reporting in 3CD
Late Fee and Interest will be accounted under "Indirect Expenses"...

Penalties will be accounted under Expenditure head. But, It's disallowed at the time of ITR filing...

TO CAPITAL ACCOUNT ME HI CHARGE KRU ???GST LATE PAYMENT FEES....

Can You Please ask with English

PROFIT AND LOSS ME DIKHAO

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