Please Help: interest on penalty
Posted Date : 28-Jul-2014 , 02:30:16 pm | Posted By: Ambuj
Category :
Income Tax | Answers :
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whether interest on penalty is allowed in u/s 37(1) or not? |
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Answer by: Shankygarg |
If penalty & interest is because of violation of law,then they are disallowed but if they are because of late remittance ,then they are allowed.
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Comments |
Posted By : Ashish Jain |
29-Jul-2014, 12:09:28 |
penalty and interest on it is never allowed under IT Act |
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Posted By : |
29-Jul-2014, 11:17:58 |
Not |
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