Wheteher interest on delayed payment of property tax to local municipal authority is allowable tax expenditure?
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Interest on Delayed Pmt of Property tax allowable?
Replies (4)
anything by way of penalty / fine / interest on late payment not allowed
its a case of infringement of law hence it shall be disallowed.
But interest on delayed payment of sales tax is allowed.......................
Yes.
It is Allowed.
Coz it is not a penalty.
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