sir,
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.
Yes u can take the deduction of this interest provided u will pay interest before return filing due date or return filing date.
YES U CAN
yes we can claim deduction .
if you pay interest before due date of filing return then you can claim deduction in the financial year in which interest incurred.
CAclubindia
