disallowable exps.
This query is : Resolved
23 December 2009
can anyone tell me the section under
which penaly on service tax is disallowed?
which penaly on service tax is disallowed?
23 December 2009
I think it is under Section 37 of the IT Act
23 December 2009
Section 37(1) says about allowability of the business expenditure only when these are incurred wholly and exclusively for the purpose of business.
To pay penalty on Service Tax; it cannot be said that it is a business purpose to pay such penalty.
To pay penalty on Service Tax; it cannot be said that it is a business purpose to pay such penalty.
23 December 2009
U/S 37(1)
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
