pls advise - service tax payment under vces scheme is allowable as a exp while calculating Business income..?
Yes I donot find any exclusions for it.
It is a tax paid, neither income tax nor wealth tax.
Also, it is not in nature of penaltly for infraction of law.
Seniors please correct and share your views.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
ULTRA CHEMICAL WORKS
Thane
CA Final
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
Mugdha Art Studio
Hyderabad
CA
Pravin Sarvaiya
Mumbai
Aditya Muley and Co
A Jaiswal and company
Lucknow
Naveen Fintech Pvt Ltd
Kolkata
Thammana & Associates
Srikakulam
B.Com
India's largest network for finance professionals
Alternatively, you can log in using: