43b

This query is : Resolved 

27 June 2013 Section 43B (a) says Any sum payable by the assessee by way of tax, duty, cess or fee, by whatever name called, under any law for the time being in force,allowable as deduction on payment basis.
Here the word whatever name called covers lease rent payment to State Govt or not?

27 June 2013 not Covered.

Lease rent will be allowed on accrual basis.



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