Wheteher interest on delayed payment of property tax to local municipal authority is allowable tax expenditure?
Wheteher interest on delayed payment of property tax to local municipal authority is allowable tax expenditure?
anything by way of penalty / fine / interest on late payment not allowed
its a case of infringement of law hence it shall be disallowed.
But interest on delayed payment of sales tax is allowed.......................
Yes.
It is Allowed.
Coz it is not a penalty.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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