11 September 2009
Any statutory liability outstanding as on 31st March & payments due to employees had to be paid on or before due date of filling return of income. If the same has not been paid then this will be disallowed u/s 43B.
Eg : O/s VAT not paid by assessee. Bonus as per bonus act due to employee & not paid by the assessee. O/s professional tax not not paid by the assessee.
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