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.
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
OM SAI SRI SAI JAI JAI SAI
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