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Vat expense while calculating income tax payable

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(Querist)
14 August 2015 Dear sir,

Can vat paid during the year be taken as allowable expense while calculating tax payable for the year ??

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Pavan Kumar Vaddella
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CA Jitendra Daraji

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CA Jitendra Daraji (Expert)
14 August 2015 Dear Friend
Yes, VAT Paid during the year is allowable expense. You also able to get deduction of Unpaid Vat on 31 st march provided that u make payment of the same before due date of return of income.

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