Easy Office
Easy Office

Disallowance of Luxury Tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 June 2008 Whether luxury tax which was short collected from the customers and paid by the company based on an assessement order and charged to P&L A/c - disallowed

Whether such tax comes under the ambit of provisons of Sec 40 a
Profile Image

Jitender

Profile Image

Jitender (Expert)
15 August 2008 if it is paid as penalty only then it is disaalowable ,otherwise not.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links