Menu
penalty in the course of commercial activity
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?
Replies (3)
According to my views this penalty is not addmissible
penalties are not admissible as deduction as per IT act
Recent Topic
- Indexation v/s non indexation for capital gains
- Query for practicing CAs — how does your fir
- Treatment of NPS arrears in form 10E / ITR
- Sale of shares from non resident
- SEC 10(10CC) - TAX PAID BY EMPLOYER ON NON-MONETAR
- Buy back of shares
- Capital gain and federal tax withholding
- TIS amount
- Reimbursed income
- Bricks Klin
Related Topics
CAclubindia
