Whether Himachal Pradesh Entry Tax applicable on Imported Machinery by Pvt. Ltd.?
if we will pay entry tax in cash of Rs.35000 then it will allow in Income Tax Act?
RAHUL MAHAJAN (CA) (166 Points)
30 November 2012Whether Himachal Pradesh Entry Tax applicable on Imported Machinery by Pvt. Ltd.?
if we will pay entry tax in cash of Rs.35000 then it will allow in Income Tax Act?
RAJ KUMAR BHANDARI
(FINANCE)
(165 Points)
Replied 30 November 2012
Yes,
Tax payment diposited in govt. account in cash is alowed.
Akash Jain
(CA Final Student)
(261 Points)
Replied 30 November 2012
No specific deduction but you can claim it as a expense in p&l.
Regards.
RAHUL MAHAJAN
(CA)
(166 Points)
Replied 30 November 2012
Originally posted by : RAJ KUMAR | ||
Yes, Tax payment diposited in govt. account in cash is alowed. |
Could you please tell the section or Rule or case lawetc. of Income Tax Act for support of your answer?
RAJ KUMAR BHANDARI
(FINANCE)
(165 Points)
Replied 01 December 2012
Please refer your Himachal pradesh VAT-entry tax.
it will clear you every thing about the cash payment of vat or entry tax.
Thanks