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Nandan C G   25 September 2021

Deduction on income tax paid

Dear sir, Income tax paid on business income can we show as expense in profit and loss account?

 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     25 September 2021

No. It is not business related expenses..

veerendar singh

veerendar singh (tax consultant)     25 September 2021

Income tax is not allowable as expense

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