https://www.taxtmi.com/forum/issue?id=3602 Liabilities subject to the payment-based deduction rule must be disallowed for tax purposes until actually paid even if not charged to the profit and loss account; output service tax forms part of the transaction value for income computation but its deduction is contingent on payment, and withheld tax obligations are treated differently under their specific deductibility rules. en-us Sun, 27 Nov 2011 11:00:25 +0530 Thu, 23 Jan 2025 15:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3602 Liabilities subject to the payment-based deduction rule must be disallowed for tax purposes until actually paid even if not charged to the profit and loss account; output service tax forms part of the transaction value for income computation but its deduction is contingent on payment, and withheld tax obligations are treated differently under their specific deductibility rules. Discussion-Forum Income Tax Sun, 27 Nov 2011 11:00:25 +0530 https://www.taxtmi.com/forum/issue?id=3602