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INADMISSIBLE EXPENDITURE

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(Querist)
09 September 2016 If income tax paid is debited in profit and loss account will it be included under section 28 to 44da as inadmissible expenditure???
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Soumitra Basu

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Soumitra Basu (Expert)
10 September 2016 Yest since it is tax on income and thus inadmissible under section 40(a)(ii) of the Income Tax Act.

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