Section 43b

This query is : Resolved

prashant (Querist)
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17 December 2014 On purchase of goods we have not paid VAT before filing of Income Tax Return whether the amount of VAT will be added u/s 43B of Income Tax Act at the time of computation of Income or amount of purchase on which VAT is not paid at the time of filing of Income Tax Return u/s 43B of Income Tax Act

CA VISHWAKEERTHI.P.S.

CA VISHWAKEERTHI.P.S. (Expert)
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19 December 2014 Definitely.

You required to pay the VAT payable within the due date u/s 139(1) of the act . If not paid it shall be added in section 43B. And when you paid it allowed as expenses in which year you paid .