Rishav Bardia (Employee) (37 Points)
03 October 2008Wheteher interest on delayed payment of property tax to local municipal authority is allowable tax expenditure?
CA V. Mohanakrishnan
(Chartered Accountant)
(401 Points)
Replied 03 October 2008
anything by way of penalty / fine / interest on late payment not allowed
salman
(ca)
(42 Points)
Replied 04 October 2008
its a case of infringement of law hence it shall be disallowed.
Rishav Bardia
(Employee)
(37 Points)
Replied 04 October 2008
But interest on delayed payment of sales tax is allowed.......................
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 05 October 2008
Yes.
It is Allowed.
Coz it is not a penalty.
CAclubindia
