Interest on tds & dvat interest & penalty
This query is : Resolved
14 August 2013
PL. CLARIFY THAT INTEREST PAID ON TDS DEPOSIT & INTEREST & PENALTY PAID UNDER DVAT ACT IS ALLOWABLE EXPENDITURE IN INCOME TAX OR NOT
16 August 2013
interst on tds and dvat is allowed
penalty is disallowed
penalty is disallowed
20 August 2013
Interest expenditure is allowed but penalty is not allowed.
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