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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Addition u/s 43B - service tax liability - Section 43B does not ...

Income Tax

September 14, 2018

Addition u/s 43B - service tax liability - Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of the assessee. Hence the liability to pay service tax into the Treasury will arise only upon the assessee receiving the funds and not otherwise - no additions.

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