If freight is paid without depositing service tax under Reverse charge mechanism
whether freight expense is allowed or disallowed under incone tax act???
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Disallowance of expenditure
Replies (2)
why are you showing that in freight, can book in other head i e postage and courier
Non compliance of service tax and it's allowability under IT Act has no relevance. No such express provision is there under the IT Act to disallow such expenditure. Even sec 43 (B) will not operate in this case.
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