INTEREST ON DELAYED PAYMENT OF TAX - ALLOWABLE OR DISALLOWAB

CA Manish (Practice) (87 Points)

21 February 2011  

CAN ANYONE PLEASE LET ME KNOW WHETHER INTEREST ON DELAYED PAYMENT

OF VAT/CST is allowable expenditure under the Income Tax Act, 1961.

Kindly let me know the same for penalty levied under any other law allowable or not.