20 September 2010
Dear Experts, Whether salary payable for the month of march if shown as payable as on 31.3.2010, Section 43B of the Income Tax Act is applicable? With regards, Rajesh.
20 September 2010
Sec.43B doesn't apply for Salary. It applies only to payments of following nature:- A.Tax,cess,duty,etc B.Leave salary C.Interest on loans taken from banks and financial institutions
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