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Excise expenses

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Guest

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Guest (Querist)
09 May 2012 Dear All,

During 2011-12, We have excise audit in our premises. & We paid around Rs. 35000 as Excise.

My question is whether this Excise exp. would be allowable under Income Tax Act.
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CA CKP

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CA CKP (Expert)
09 May 2012 Excise duty is not an expenses and not allowed as exp in IT Act.
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Guest

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22 June 2012 Thanks a Lot Mr. CKP
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