IS FEES PAID AN ALLOWBALE EXPENSE

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39 Points Joined July 2017
is 234F fee fee for late filing of ROI, Fee for late filing TDS return deductible as pgbp exp ?

similarly what about other fees ? are they allowed as pgbp expense ?
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On 07 April 2019 at 02:00 Report
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344 Points Joined May 2017
Yes 100% allowed as pgbp expense since these are fees which are distinct from penalty and interest and there is no nexus between fees and penalty
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On 07 April 2019 at 11:15
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39 Points Joined July 2017
sir i remember a judgement where tds return late filing fee was allowed.

but i am doubtful over 234F....is it not in nature of penalty ?
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On 07 April 2019 at 14:43
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344 Points Joined May 2017
No surely it is not It is also one of the kind of fees like the one for late filing of tds tcs return So 100% allowed
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On 07 April 2019 at 15:59


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