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Income tax

CA Final 480 views 6 replies
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Student CA IPC / IPCC
31 Points Posted on 14 June 2018
whether interest paid on late payment of PF and ESI is allowed expense ??
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On 14 June 2018 at 18:21 Report
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ca
7 Points Posted on 14 June 2018
yes it is allowed intrest is different from penalty
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On 14 June 2018 at 19:49
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Tax Consultant
894 Points Posted on 14 June 2018
in my opinion it is not an allowable expenditure because this interest charged is in the nature if penalty for late payment.
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On 14 June 2018 at 21:00
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"Do the Right Thing...!!!"
128152 Points Posted on 14 June 2018
Yes...
Interest is allowed expenses for Late Payment of ESI and PF...

But,
Penalty is not allowed and it's disallowed...
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On 14 June 2018 at 23:10
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4 Points Posted on 16 June 2018
how much salary deposit the tax
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On 16 June 2018 at 22:28
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lukenlow
28 Points Posted on 20 June 2018

I will be grateful for your answer, I am also very interested in this and I specifically went to your site 192.168.0.1

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On 20 June 2018 at 17:23
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7059 Points Posted on 25 September 2018
Agree with Mr .RAJA PM clarification like it
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On 25 September 2018 at 00:04


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