Regular assessment tax

This query is : Resolved 

23 December 2011 if The assessee paid regular assessment tax for the A.Y 2003-2004 in F.Y 2011-12, is allowable.

if yes, under which section.

and in which account is debited in accounts.

23 December 2011 Any taxes on income paid is disallowed u/s 40(a). So there is no question of allowance in any case.



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