trust

Suresh Pai S (Tax Consultant) (1029 Points)

29 August 2017

can a trust claim income tax as an expense?

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4 Replies

Abhishek Pithisaria (Student) (150 Points)
Replied 30 August 2017

income tax paid cannot be treated as expense in case of any person or trust.

Luvish Jain (Tax Consultant) (507 Points)
Replied 30 August 2017

income tax is not an expense sir so one cannot claim it irrespective of status of assessee.

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 30 August 2017

heard that there is a judgement

Ashwin Kumar (1234 Points)
Replied 30 August 2017

income tax paid is not a expense it is a statutory liability and it cannot be claimed

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