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DISALLOW OF EXPENSES

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(Querist)
15 September 2019 SIR MY QUERY DISALLOWED EXPENSES DEBITED TO P/L A/C LIKE LATE FEE ON GST HOW CAN I SHOW IN SCHEDULE BP IN ITR 5
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Gokul Sharma

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Gokul Sharma (Expert)
15 September 2019 under other expenses head but add back at the time of computation of tax
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rajib bhattacharjee

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rajib bhattacharjee (Querist)
15 September 2019 THANKS SIR BUT WHICH SERIAL NO. OF SCHEDULE BP
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CA Ankur Tripathi

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CA Ankur Tripathi (Expert)
16 September 2019 Late fee on TDS, GST is compensatory in nature and a debatable topic... please dont disallow it from yourself... let it be on the discreation of AO.
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Gokul Sharma

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Gokul Sharma (Expert)
16 September 2019



Read more at: https://www.caclubindia.com/forum/can-gst-late-fee-be-deducted-from-income-tax--473520.asp
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RAJA P M

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RAJA P M (Expert)
16 September 2019 Yes I agreed to Mr CA Ankur Tripathi., GST Late Fee is allowable expense in income tax... GST penalty only disallow in income tax.

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