we made the cash Payment of Rs.50,000 of Indirect tax(Entry Tax etc.) to Government.
Does it allow in Income Tax Act?
RAHUL MAHAJAN (CA) (166 Points)
01 December 2012we made the cash Payment of Rs.50,000 of Indirect tax(Entry Tax etc.) to Government.
Does it allow in Income Tax Act?
V Vara Prasad
(Chartered Accountant)
(212 Points)
Replied 01 December 2012
Since u made payment to the government the expenditure is allowable and it does not attract 40 A (3)
Anuj jain
(CA Final Student)
(163 Points)
Replied 02 December 2012
CAclubindia
