banner_ad

Deductible expense?

Tax queries 229 views 2 replies

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..

Replies (2)
No, these are not expenses,its statutory liabilities.

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details