Leave encashment under sec 43b(f)

annmary (CA) (84 Points)

24 October 2012  

Hi all,

 

I had a query regarding sec 43B(f).

 

In the books of a foreign branch of an Indian Company,should a provision made for leave encashment as on 31st March 2012 as per GCC (Gulf Coordination Council) Laws be disallowed under clause 21(i)(B) of  FORM 3CD?

 

Please help me. Expecting a reply as fast as possible.

 

Thanks and Regards in Advance

Annmary

 

Expecting answers as  fast as possibel