Section 43b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2014 If I have made the payment covered under sec 43B in AY 2013-14 but have not claimed the same in that A.Y. , would that expense be allowed to me in the next A.Y. i.e. A.Y. 2014-15 ??

and if it is disallowed then under what head would it be disallowed ??

Thanx in advance

CA UMESH DULAL

CA UMESH DULAL (Expert)
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11 June 2014 Payment covered u/s 43B is allowed if it is paid on or before due date. If you have paid before due date but not claimed in return, there is no provision which allows you to carry forward of such payment. You should revise the return if you want to claim the benefit of section 43B