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Service tax on royalty payable to foreign company

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13 October 2014 service tax deducted and kept under liability as service tax payable as at 31.3.14 .payment yet to be made , in such a case is it to be added as dissawllowed while computing income tax ?
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
13 October 2014 As per Section 43B of income tax act, if you are maintaining your books under mercantile system, you can claim the service tax expenditure if the following three conditions satisified:
1) Assessee keeps books of accounts on mercantile basis
2) Payment in respect of aforesaid expenses is actually made on or before the due date of submission of return of income under sec 139(1)
3) The evidence of such payment is submitted along with return of income.
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