pls advise - service tax payment under vces scheme is allowable as a exp while calculating Business income..?
CA Himanshu Bansal
(Risk Manager)
(2345 Points)
Replied 23 July 2014
Originally posted by : Pawan | ||
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pls advise - service tax payment under vces scheme is allowable as a exp while calculating Business income..? | ![]() |
Yes I donot find any exclusions for it.
It is a tax paid, neither income tax nor wealth tax.
Also, it is not in nature of penaltly for infraction of law.
Seniors please correct and share your views.
Live class on PF & ESI Enrollment & Returns Filing(with recording)