Service tax debited in p&l is allowed ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2011 Service Tax debited to profit & loss account of Rs. 90000/- in year AY 2007-08 related to financial year 2004-05. during the assessement ITO did not allow to claim because it partaining to previous year. And neighter booked previous financial year 31.03.2005.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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28 November 2011 You have to explain why the expenditure claimed in the A.Y.2007-08 if he satisfied with your reason then he allowed as expenditure for the A.Y.2007-08. Still the AO not agree to allow as expenditure for the A.Y.2007-08 then request him allow it as expenditure for the A.Y.2005-06 and reassess the assessment of that year.
OM SAI SRI SAI JAI JAI SAI

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