Are the following payment, deductible expense under Income tax Act?
1. Income tax paid for previous years
2. Advance tax
3. Other Statutory payments like VAT, Excise Duty, Service tax etc
4. Dividend
5. Dividend Distribution tax
6. Employee Contribution to EpF, ESI
7. TDS
Please help me...I know its a silly question but i want to make myself clear..
Employees contribution to ESI, PF etc are deductible if the same is deposited by the company within the time limit given in respective acts.
Unsure about DDT.
Other things not deductible.
All the best
ADY & CO.
New Delhi
Graduate (Any)
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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