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revenue expenditure

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(Querist)
27 April 2016 late fee on cst nd vat is an allowable expenditures under it act
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CMA Nishad Patkar

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CMA Nishad Patkar (Expert)
27 April 2016 Late Fees (Other than Interest) is penal in nature and same is disallowed u/s 37 of IT Act.
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Rupesh Jain

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Rupesh Jain (Expert)
29 April 2016 fine is disallow under income tax act..
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