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GST paid is allowable under income tax
Sir, actually some ITC is not claimed in 3B.petering to Jan 18.We have shown under expense.Can income tax allowed to us show under expenses please advice.
Replies (3)
Yes it is allowed.......
Thank you Sir,
Yes it is allowed as deduction under the Income Tax Act 1961 on "PAYMENT BASIS" [ SECTION 43AB of the IT Act 1961 ].
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