What is the treatment in statement of total income as per income tax act for service tax collected but not remitted to the government? please clear my query.
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Service tax - income tax
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It will be disallowed under section 43B & added to income of the assessee's total income as per P&L Account
it is not an expense so it is not at all related to 43B. 43B deals with payments to be made for claiming certain amounts as expenses.
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