Interest and penalties
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2012
Suppose if i pay any interest or Penalty what will be the effect in my books
Pl. help
Pl. help
06 November 2012
interest on Indirect taxes is allowed but penalties are not allowed under IT act
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2012
What will be the effect of Interest Paid?
08 November 2012
profit will get reduced with the amount paid.
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