Excise and VAT

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  1. Ganesh Hegde

    Ganesh Hegde New Member

    Sir,
    I'm a student of M.com, in one of my corporate tax problem, they have debited Excise and VAT to p&l account(amounting Rs.1300000),but they didn't mention on which it is charged. Now my query is that whether i have to treat it as allowble or disallowable expense for calculation of total taxable income?
     
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