Is vat/ service tax on property purchased paid to maharashtra govt avaliable as deduction for compution taxable income???? please Revert Urg...
Thanks
Menu
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.
Recent Topics :
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
CAclubindia
