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assessement of firm

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29 August 2009 so my question is that how to treat with profssional tax paid..whether its a qualified exp while computing the book profit or else should be treated as disqualified exp??
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CA Vanesh Nadar

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CA Vanesh Nadar (Expert)
29 August 2009 It is an Qualified Expense as per S 36 of the ITA. Under Rent, Rates & Taxes.

For CLarification you can refer toa theINCOME TAX ACT, 1961

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