If freight is paid without depositing service tax under Reverse charge mechanism
whether freight expense is allowed or disallowed under incone tax act???
Menu
Disallowance of expenditure
Replies (2)
why are you showing that in freight, can book in other head i e postage and courier
Non compliance of service tax and it's allowability under IT Act has no relevance. No such express provision is there under the IT Act to disallow such expenditure. Even sec 43 (B) will not operate in this case.
Recent Threads
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
Related Threads
CAclubindia
