Service-tax isn’t includible in computing presumptive income under Sec. 44BB: Delhi High Court

IT : The service-tax is not an amount paid or payable, or received or deemed to be received by the assessee for the services rendered by it. The assessee is only collecting the service-tax for passing it on to the government. Thus, for the purpose of computing the presumptive income of the assessee under Section 44BB, the service-tax collected by the assessee on the amount paid for rendering services is not to be included in the gross receipt in terms of Section 44BB(2) read with Section 44BB(1)