Whether Penalty Or Fines Or Penal Interests Allowed As Expenditure Under Section 37(1) Of IT Act,1961

FCS Deepak Pratap Singh , Last updated: 26 October 2021  
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INCOME TAX QUESTIONS ANSWERS SERIES PART-XV Whether Penalty/Penal Interest is allowed as deductible expenditure under provisions Section37(1) of the Income Tax Act, 1961 Dear Friends, In this article we are going to discuss a problem, whether Penalty/Penal Interest levied on any organizati

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax   Report

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