Sec. 40a & 43b

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Avinash Rathi (Querist)
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07 April 2015 As per sec.40a
Income tax wealth tax n fringe tax is not allowed
As per sec43B
Any tax duty cess actually paid is allowed
Which provision is overriding

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Querist)
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07 April 2015 Both the sections starts with non obstante clause and both has superseding power . But in sec 40 it is clearly mentioned FB tax, Wealth tax and any tax on profit. So any other taxes not covered under sec 40 under any law for the time being in force are covered in sec 43B. ( eg. VAT, Service tax, Excise duty, etc ..)

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