RCM was no paid on Freight.
What will be it's impact for the purpose of tax audit.
Is that freight amount can be claimed as expenditure or disallowable under Income Tax Act.
Menu
Implication of non payment of rcm for income tax audit purposes ?
Replies (3)
i thing so disallaw in income tax audit but Wait for further more discussion.
expense is allowable in income tax
but the amount of GST which is not paid can not be claimed as expense
but the amount of GST which is not paid can not be claimed as expense
Under what section disallalloable under income tax act, please clarify
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
