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Interest of sales tax allowed

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20 December 2011 iinterest of sales tax allowed in the view of tax purpose please explain
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
20 December 2011 yes interest paid on payment of sale tax allowed as deduction under busines and profession head...but penalty is not allowed.
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CA Navin Jain

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CA Navin Jain (Expert)
20 December 2011 compulsory penalty under the sales tax act also can claim as expenses.
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DHANANJAY MEHTA

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DHANANJAY MEHTA (Querist)
30 May 2012 thanks sir

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