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Sales tax deemand

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(Querist)
24 September 2013 sir
The sales tax deemand or any other deemand is allowable or not in net profit accourding to income tax act.
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
24 September 2013 if demand is in nature of penalty then its not an allowable expenditure, if it is nature of tax and interest then its an allowable expenditure

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