Wat expenses are allowable
This query is : Resolved
25 April 2010
i need clear clarification on these regard whether these are allowable expenses?
if not y?
i) Interest on TDS payment
ii) Service Tax paid
iii) Int on service tax paid
iv) penalty on service tax paid
v) int on prof tax/PF paid
vi) income tax penalty
y and y not if such above mentioned expenses are allowed are not allowed by the act. poss ref with case laws or sections plz
if not y?
i) Interest on TDS payment
ii) Service Tax paid
iii) Int on service tax paid
iv) penalty on service tax paid
v) int on prof tax/PF paid
vi) income tax penalty
y and y not if such above mentioned expenses are allowed are not allowed by the act. poss ref with case laws or sections plz
25 April 2010
generally any expenditure with penal nature cannot be allowed,but compensatory nature can be allowed..
25 April 2010
income tax paid cannot be deduct able under income tax act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
