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Payment of excise duty for earlier years

This query is : Resolved 

19 April 2014 In excise dept survey one of my client has found that he is not registered with them.....
then our client has paid all the tax for earlier years and not recover from customers.

So I want to know that all the paid tax is allowed as expenditure in the income tax for this year?

19 April 2014 yes you calim the tax paid in current year u/s 43(b) tax and duties will allowed by income tax when the duties are paid.

19 April 2014 Thanks sir, and interest thereon is?


19 April 2014 INTEREST ALSO YOU CAN CLAIM AS EXPENSES.



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