Leave encashment under sec 43b(f)

Tax queries 1231 views 1 replies
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CA
84 Points Joined September 2010

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

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On 24 October 2012 at 21:53 Report
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Believe!! Live your dreams!
33521 Points Joined November 2008

Hi,

Such provison is disallowed unless paid before due date of filing of return.

 

Rgds//Vaibhav
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On 26 October 2012 at 12:38

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