Service tax payment under vces is allowable as exp ..?

pls advise - service tax payment under vces scheme is allowable as a exp while calculating Business income..?

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Originally posted by : Pawan
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.

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