Menu
trust
can a trust claim income tax as an expense?
Replies (4)
income tax paid cannot be treated as expense in case of any person or trust.
income tax is not an expense sir so one cannot claim it irrespective of status of assessee.
heard that there is a judgement
income tax paid is not a expense it is a statutory liability and it cannot be claimed
Recent Topics :
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
Related Topics :
CAclubindia
