Can Electricity Duty be covered under 43B?
2 Replies
Darshan Singh
(11 Points)
Replied 25 September 2018
yes. This has been held as the statutory liability hence to claim it has to be paid.
CA Manish Sharma
(Chartered Accountant)
(57 Points)
Replied 25 September 2018
Provision of Sec. 43 B inter alia states:
a) any sum payable by the assessee by way of tax, duty, cess or fee, (by whatever name called, under any law for the time being in force);
Considering the above provision, electricity duty paid is allowed as an expense.
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