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municipal taxes is allowed as deduction then Why it is added in met profit as a disallowed expenditure?
Replies (2)
Since municipal tax is allowed as an expenditure under the head Income from house property and hence the same has to be excluded from PGBP.
If it is debited to P and L account then the same has to be disallowed under PGBP.
If it is debited to P and L account then the same has to be disallowed under PGBP.
do u understood...or should i explain it in more simpler way
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