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Regarding late payment charges

Others 182 views 4 replies

sir

a company having bussines of trading in shares and fabrics debited late payment charges imposed by share broking company. Is it right because late payment charges are penal types these are not deductible. 

Replies (4)
It is not allweable expenditures under section 37 of it act.
any document regarding proof
please share
pls msg me on 9990505103 or whatsapp i will send u


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