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Q. > Please Help: ESI
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314 views • Question added Jul 31, 2014 • Income Tax • By krishna , Delhi


Whether Interest paid on Late deposit of ESI will be disallowed or Not.

1 Answers

answered Aug 01, 2014 by shankygarg , Karnal

No. It is an allowable expenditure because it is only compensatory in nature not any contravention of law.


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devraj sharma

01-Aug-2014 , 11:17:30 am

I am agree with Mr.shanky garg it is not a penalty. so it will be allowed.

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krishna

02-Aug-2014 , 04:51:38 pm

Thank U!

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