Treatment of penal interest on income tax
This query is : Resolved
23 February 2012
Dear Expert,
What is the treatment of penal interest on income tax or interest u/s 234 in the books of accounts? hoping for the reply ..
thanking you in advance
What is the treatment of penal interest on income tax or interest u/s 234 in the books of accounts? hoping for the reply ..
thanking you in advance
Guest
Guest
(Expert)
23 February 2012
Penal interest will be disallowed while calculating income.
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