Can deduction be claimed on penalty on statutory dues
This query is : Open
29 September 2017
Dear Sir,
Please guide on the matter regarding the Claiming of Deduction on Penalty on Statutory Dues (Being Shown under Other Expenses)
Please confirm whether its right if yes how..?
Thanks & Regards
Deepak
Please guide on the matter regarding the Claiming of Deduction on Penalty on Statutory Dues (Being Shown under Other Expenses)
Please confirm whether its right if yes how..?
Thanks & Regards
Deepak
29 September 2017
No it is not right Claiming of Deduction on Penalty on Statutory Dues.
29 September 2017
The above penalty exp is disallowed under income tax act .
29 September 2017
Yes...
The Penalty is disallowed under Income Tax act...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
