Dissallowable expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2012
Dear all,
Is penal interest paid to bank a dis allowable expense??
Is penal interest paid to bank a dis allowable expense??
06 December 2012
It is not disallowed expenditure. Because of it is not related to any violation of law.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
06 December 2012
Yes it will not be disallowed , as it is not for infraction of any law.
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