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penalty in the course of commercial activity

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ACA
387 Points Posted on 05 September 2009
Client has commenced construction activity before obtaining permission from the municipal corporation.so client had to pay penalty for the same.is this penalty admissible?
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On 05 September 2009 at 14:26 Report
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1528 Points Posted on 05 September 2009

According to my views this penalty is not addmissible

 

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On 05 September 2009 at 14:46
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No penalties or fines are admissible deductionsssss

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On 05 September 2009 at 15:24
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297 Points Posted on 06 September 2009

penalties are not admissible as deduction as per IT act

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On 06 September 2009 at 11:32


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