Poonawalla fincorps
Poonawalla fincorps

Professional tax

This query is : Resolved 
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(Querist)
23 September 2014 Dear sir,
Interest paid on delay payment of professional tax is allowed as deduction or not?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 September 2014 interest of compensatory nature is allowed as expenses...but if it is in nature of penalty, then not allowed

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