Non payment of service tax.

Save Share

This query is : Resolved

Pavan Kumar Vaddella (Querist)
Follow

05 October 2015 Dear Sir,

Is there any effect in income tax liability for the non payment of Service tax ?. If so, to what extent ?

Regards
Pavan Kumar V.

Prashanth

Prashanth (Expert)
Follow

05 October 2015 Hi,

If such service tax is payable on the business income, then there wont be any effect on Income tax liability.

Secondly if is payable under Reverse or Partial reverse charge method, then such tax amount will be added back to Profit/loss calculated.

Extracts of 43B
As per Section 43B
Notwithstanding anything contained in any other provision of this Act*, a deduction Sudame otherwise allowable under this Act in respect of—
a)any sum payable by the assessee by way of tax, duty, cess or fee, (by whatever name called, under any law for the time being in force);

Cheers !!!

Message likes : 1 times

Pavan Kumar Vaddella

Pavan Kumar Vaddella (Querist)
Follow

06 October 2015 Dear Sir,

Thank You so Muchhhhhhhhh !!!!
Would you please elaborate Section 43B ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now