2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 October 2019
Please go to refer the details in the following link...
https://www.indiafilings.com/learn/section-43b-of-income-tax-act/
https://www.indiafilings.com/learn/section-43b-of-income-tax-act/
Kapadia Pravin
(17259 Points)
Replied 29 October 2019
Section 43B of the Income Tax Act states that certain statutory expenses can only be claimed in the year of payment.
Section 43B provisions disallow the sum not paid in the financial year or before the due date of filing tax returns under the head “Profits and Gains of business or profession.
Section 43B provisions disallow the sum not paid in the financial year or before the due date of filing tax returns under the head “Profits and Gains of business or profession.
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