Is vat/ service tax on property purchased paid to maharashtra govt avaliable as deduction for compution taxable income???? please Revert Urg...
Thanks
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Tax deduction: vat
Replies (1)
No only Sec-80 C to 80 U are available for deduction while calculating taxable income.and among these Sections any tax paid will not allowed as deduction.
Ya but you can take refund of that taxes in case your VAT/Service Tax is excess deposited.
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