banner_ad

Deduction of payment made for sales tax for earlier year

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 October 2015 DUE TO SURVEY OF SALES TAX DEPARTMENT IN F.Y 2010-2011 SALES TAX PAYABLE YEAR WISE DETERMINED IN F.Y 2014-15. FOR F.Y 2008-09/2009-10/ & 2010-11. PROVISION FOR SALES TAX WAS NOT MADE IN EARLIER YEARS NOW AMOUNT FOR EARLIER YEAR IS PAID DURING F.Y 2014-15. CAN THE ENTIRE AMOUNT OF SALES TAX PAID BE CLAIMED AS EXPENSES AND DEBITED TO P&L A/C DURING A.Y 2015-2016.
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
20 October 2015 Yes, the entire amount is deductible in FY 2014-15. In any case Under Section 43B, sales tax is deductible only when it is actually paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details