05 November 2014
A PARTNERSHIP FIRM HAS PAID INTEREST AND PENALTY OR SUM OF RS.114460/- AND RS.18028/- RESPECTIVELY AGAINST SHORT PAYMENT OF TDS FOR THE YEAR ENDED 31.03.2014.PLEASE TELL ME THIS PAYMENT ARE ALLOWABLE EXPENDITURE OR ANY OF THIS PAYMENT TO BE ADDED WHILE COMPUTING THE INCOME UNDER HEAD BUSINESS AND PROFESSION.