Is Disallowance of 43B will come into picture when P and L is prepared by following exclusive method i.e. Taxes are not included in the purchase and sales rather shown in current liability side as duties and taxes.
If taxes are payable even at the time of filing return then same will be added to income even though I am following exclusive method
Accounts are required to be prepared as per Accepted Accounting standards.
At your option you can't adopt exclusive or inclusive method.
However the end result under your method going to be same but usual one prevails .
CAclubindia
