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Sales tax penalty & interest paid - allow or disallow

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2013 Respected Experts,

My query is whether to allow or disallow the sales tax penalty & interest paid for prior years in current year 2012-13 while preparing the computation of a pvt ltd co
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
20 February 2013 Any expenditure which are penal in nature to be disallowed...so penalty and interest to be disallowed.
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
20 February 2013 It is disallowed
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