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Section 43B - service tax is not touted through profit and loss account, Income Tax |
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Section 43B - service tax is not touted through profit and loss account |
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If the amounts of Service Tax collected and paid are not routed through the P & L A/c. then can section 43B apply to the unpaid amount of Service Tax?
Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
yes section 43 b will be surely applicable
Service tax is not covered u/s 43B due to provisions of section 145A. See judgement in the case of CIT Vs.Real Image media Technologies (P) Limited [2008]114ITD573(Chennai)
The full text of the case referred is available at
http://www.knowledgebible.com/forum/showthread.php/761-Section-43b-of-income-tax?p=1444#post1444
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