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Overusage electricity charges deductible or not

112 views 1 replies

hello,

 

If an assessee has overused or overexceeded his sanctioned capacity then electrcity department usually penalises the same.

 

Will these penalty charges be allowed as an income tax deduction or not?

 

Replies (1)
Yes as this is charges for over utilization of electricity in the furtherance of business


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