neeraj (no) (392 Points)
27 June 2014sir,
my audit is done on 01/06/2014
due date of audit return is 30/09/2014.
section 43b says if we had deposit specified exp. before due date of filing then deduction can be claimed....
till 01/06/2014 i had not paid interest ot bank....but will be paying in sept..
the iterest is of f/y 2013-14
can i claim exp. today....because i will be depositing the exp. before due date of retun in future.
Shubham Gautam
(Student)
(28 Points)
Replied 27 June 2014
subhash kumar jha
(PROFESSION)
(445 Points)
Replied 27 June 2014
Yes u can take the deduction of this interest provided u will pay interest before return filing due date or return filing date.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 27 June 2014
sandeep kumar vinnakota
(article student)
(39 Points)
Replied 28 June 2014
sandeep kumar vinnakota
(article student)
(39 Points)
Replied 28 June 2014
CA Vinod Saini
(Assistant Manager (F))
(54 Points)
Replied 28 June 2014
Pavan Kumar
(b)
(60 Points)
Replied 01 July 2014
if you pay interest before due date of filing return then you can claim deduction in the financial year in which interest incurred.
CAclubindia
