Addition of penal interest paid to Sales-tax Department - the ...

Income Tax

November 3, 2017

Addition of penal interest paid to Sales-tax Department - the interest amount paid is towards delay in payment of tax, is compensatory in nature - Expense towards interest allowed - But penalty is not allowed as deduction.

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Addition of penal interest paid to Sales-tax Department - the ...

Income Tax

November 3, 2017

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