Income from business and profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2013
if in the dr side of PROFIT&LOSS a/c
MVAT is return is it allowed as business expense or not
AND PLZ SAY WHAT TO DO OF MVAT
MVAT is return is it allowed as business expense or not
AND PLZ SAY WHAT TO DO OF MVAT
28 October 2013
indirect tax is allowed as expenses under income tax act, but you have to pay it before due date of filing of return or before filing of income tax return. otherwise it will be disallowed U.s 43B of income tax act.
for further query feel free to ask
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