im doing audit of proprietory concern.
here accountant debited profession tax with interst & panalty in P&L A/c
whether interest & panalty allowable as expenses????
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
26 May 2012im doing audit of proprietory concern.
here accountant debited profession tax with interst & panalty in P&L A/c
whether interest & panalty allowable as expenses????
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3786 Points)
Replied 26 May 2012
CAclubindia
