One of the my client has not been paid professional tax for the f.y. 2010-11 till the date of audit. Is any amount is disallowable?If Yes, then what amount is disallowable and under which section?
19 August 2011
A PROVISION FOR PROFESSION TAX LIABILITY HAS TO BE CREATED. THE SAME WILL NOT BE ALLOWED U/S 43B, HOWEVER IF DEPOSITED WITHIN DUE DATE OF RETURN FILING WILL BE ALLOWED
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