Allowance or dis allowance of expenses of expenses

This query is : Resolved

narendrakayal (Querist)
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14 December 2012 Dear Sir,

Please suggest me answer of the query as under:

Date of return filed : 15th september
Due date of return filing : 30th september
date of payment of expenses covered u/s 43B :
19th sepember

Is this payment will allowed to assessee?

CA SANDIP PATEL

CA SANDIP PATEL (Expert)
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14 December 2012 No expenses will not be disallow becoz it has been paid before the due date of return filing but u have to revise your return.

i f i m wrong any one can be correct my mistake.

narendrakayal

narendrakayal (Querist)
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14 December 2012 If this case is of before 3 year then what will be treatment?

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CA SANDIP PATEL

CA SANDIP PATEL (Expert)
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14 December 2012 then expenses will be allowed in the year in which paid

narendrakayal

narendrakayal (Querist)
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15 December 2012 Sir,

I read the section 43B in direct tax manual and it is stated that the expenses should be disallowed. because setion says yhat a proof of payment should be at the time of return filing.