Effect of late payment of esi payments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2014
what is the effect of late payment of ESI Challans? Is there any panalty or interest or expense is allowed or disallowed in income tax?
20 September 2014
the interest is charged. However, the same is allowed as an expense in taxation in the year in which interest is actually paid
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