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prof tax paid lump sum

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 March 2011 Propritor paid rs. 10000/- Pof. Tax lum sump under the composition scheme for 5 year 2009-10 to 2013-14 P.T paid on 30.6.2009

what is the amount should be allowed as expenditure under income tax act sec43b?

what is the correct accounting treatment should i give?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 March 2011 2000 per year should be allowed each year and balance prepaid.

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