Is Rs.5000 which is the registration fee paid for Maharashtra VAT Registration(Voluntary) allowed under Income Tax Act? If yes, which section, is it under Sec 37 i.e. the general section?
yashsr (CA) (2285 Points)
08 August 2012Is Rs.5000 which is the registration fee paid for Maharashtra VAT Registration(Voluntary) allowed under Income Tax Act? If yes, which section, is it under Sec 37 i.e. the general section?
Mayur M. Goswami
(CA Final)
(75 Points)
Replied 11 August 2012
yes registration fees is Rs.5000/- but along with that you have pay Rs.25000/- as deposit money for MVAT Registration..
yashsr
(CA)
(2285 Points)
Replied 13 August 2012
| Originally posted by : Mayur M. Goswami | ||
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yes registration fees is Rs.5000/- but along with that you have pay Rs.25000/- as deposit money for MVAT Registration.. |
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Already knew that!! My question is whether this Rs.5000 is allowed as an expenses in the Income Tax Act?
yashsr
(CA)
(2285 Points)
Replied 14 August 2012
| Originally posted by : Mayur M. Goswami | ||
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yes it is allowed..... |
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Under which section? Is it under 37(1)?
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