If a provision is made by a company at the year end for salary payable, and the same is
i) not paid within the due date of filing the return
ii) is not paid at all,
should this be disallowed in the IT return?
If so, under which section?
3 Replies
mounika
(Student CA IPC / IPCC)
(21 Points)
Replied 04 June 2013
yes because due or reciept basis which ever is earlier
Ishan kewlani
(Article)
(172 Points)
Replied 05 June 2013
1) No requirement of Sec.43B in case of salary i.e to pay the same on or before due date of filing the return.
2) If not paid at all then revise the return of the year in which provision is made. Or If amount is nominal consider the income of the year in which liablilty has ceased.
sanjana
(article)
(80 Points)
Replied 06 June 2013
Ishan thanks for ur reply,
I had a doubt bcos sec 43b talks oly abt commission or bonus , and not salary. thanks for clearin it
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