Due to order of high court or tribunal, if vat of earlier year which was in dispute till now paid by the company in year 2014-15 can be claimed as an expense even though the amount of vat paid is related to year 2010-11. Further, whether interest paid on late payment of vat is allowable as an expense in year 2014-15 or not.
would like to understand allowability or non allowability under income tax act.
Rohit KC Jain & Co
New Delhi
CA Inter
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CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
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Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
