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Allow or not

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Uttam Modi (Querist)
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12 November 2013 can income tax and advance tax paid allow under head PGBP or not ..

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 November 2013 The ans is no refer sec 40A the relevant provisions.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 November 2013 tax paid is not an expense and hence not allowed. its an appropriation

CA Pallav Singhania

CA Pallav Singhania (Expert)
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12 November 2013 No.. it will not be allowed...

Saleem Abdul

Saleem Abdul (Expert)
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17 February 2014 No. it's not allowed.

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