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 | ||
 |
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.
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