Section 43b

This query is : Resolved 
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(Querist)
26 September 2014 if cheque issued for bonus payable before 30/09/2014 but not cleared upto 30/09/2014 will it be allowed for income tax.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 September 2014 should be cleared as the entry would reflect as part of bank reco provided you credited the bank account in your books on or before 30 Sept
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