Esic

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 March 2015 Would the interest paid on late payment of ESIC be allowed in Profit and Loss A/c???
Pleasee reply soon
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 March 2015 please resolve the query or provide me with relevant section regarding the same?? ASAP
Profile Image

Gaurav Vora

Profile Image

Gaurav Vora (Expert)
24 March 2015 Any payment in compensatory nature would be allowed, however any penal payment will not be allowed. Interest on late payment is compensatory in nature, therefore it will be allowed.
Upgrade to CAclubindia Pro. Subscribe Now!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 March 2015 can you provide me with the relevant sections or any case related to the above issue, if you have???

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