#Budget2022WithMC: Clarification by FM Nirmala Sitharaman that health and education #cess can't be treated as a business expenditure would bring the curtains down on a long-pending tax problem, said tax experts.
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https://www.moneycontrol.com/news/trends/legal-trends/budget-2022-clarification-on-health-and-education-cess-to-end-conflicting-interpretation-of-tax-law-experts-8025071.html?utm_source=telegram&utm_medium=social
Read at ⬇️
https://www.moneycontrol.com/news/trends/legal-trends/budget-2022-clarification-on-health-and-education-cess-to-end-conflicting-interpretation-of-tax-law-experts-8025071.html?utm_source=telegram&utm_medium=social
Moneycontrol
Budget 2022| Clarification On ‘health And Education Cess’ To End Conflicting Interpretation Of Tax Law: Experts
The clarification will clear confusion on how the cess is to be treated for calculating tax liability even though it involves a retrospective application for a few companies