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trust

Tax queries 216 views 4 replies
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Tax Consultant
1029 Points Posted on 29 August 2017
can a trust claim income tax as an expense?
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On 29 August 2017 at 23:12 Report
Replies (4)
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Student
150 Points Posted on 30 August 2017
income tax paid cannot be treated as expense in case of any person or trust.
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On 30 August 2017 at 02:18
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Tax Consultant
507 Points Posted on 30 August 2017

income tax is not an expense sir so one cannot claim it irrespective of status of assessee.

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On 30 August 2017 at 10:48
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Tax Consultant
1029 Points Posted on 30 August 2017
heard that there is a judgement
1 Reply
On 30 August 2017 at 13:14
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1234 Points Posted on 30 August 2017
income tax paid is not a expense it is a statutory liability and it cannot be claimed
4 Reply
On 30 August 2017 at 21:27


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