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 : 234
Answers
Answer By: shankygarg
No. It is an allowable expenditure because it is only compensatory in nature not any contravention of law.
Comments
devraj sharma
01-Aug-2014 , 11:17:30 amI am agree with Mr.shanky garg it is not a penalty. so it will be allowed.
krishna
02-Aug-2014 , 04:51:38 pmThank U!