Please Help: ESI

Posted Date : 31-Jul-2014 , 04:00:53 pm | Posted By krishna

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

Category : Income Tax | Answers : 1 | Comments : 2 | Hits : 235

Answer By: shankygarg

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

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

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

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

Thank U!

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