Vat penalty
Naveen (brahmavar) (49 Points)
26 November 2014
dear sir
what is that difference between interest and penalty
1 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 26 November 2014
Interest is for non payment of taxes within time / late payment of taxes. Penalty is for delay in filing of return.
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