Eduction cess and shec

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2012 WHETHER EDUCATION CESS PAID ON PURCHASES IS ELIGIBLE FOR SETOFF AGAINST INCOME TAX LIABILITY AND SUCH ASSESEE IS SSI

CMA Ramesh Krishnan (Expert)
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07 June 2012 No. cannot set off. E.cess you are paying under Indirect tax in purchases.

Income tax is direct tax. cannot set off both the taxes.

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