Section 43B - service tax is not touted through profit and loss account

[himanshu ashar]

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?

AI Summary

Debate on Whether Section 43B of Income Tax Act Covers Unpaid Service Tax Not in Profit and Loss Account A query was raised regarding whether Section 43B of the Income Tax Act applies to unpaid service tax amounts if they are not routed through the profit and loss account. One respondent affirmed that Section 43B would apply. Another respondent disagreed, citing Section 145A and referencing a legal judgment in the case of CIT vs. Real Image Media Technologies (P) Limited, suggesting that service tax is not covered under Section 43B due to these provisions.