Assessee was required to collect the service tax from the service receivers 2 years back. But assessee did not collect & the same was completely borned by the assessee & paid along with the interest during the PY 2011-12.
Can we claim the said amount of service tax as an expenditure in Profit & Loss account for the year ended 2012?
21 September 2012
it is a residuary section which has to follow the simple tests.... pertaining to the year... answer is yes. spent during the year... the answer is yes. For the business or personal.... business purpose.
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