Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

INTEREST ON TDS allowability as expense

Page no : 2

CA Dhirendra Singh (Expert) (34 Points)
Replied 05 January 2017

All interest in the nature of penalty (for infraction of law) not allowable as business expenditure.

Though interest and penalties compensatory in nature is allowable business expenditure.

 



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