Sec 43b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2013 can a assessee take deduction u/s 43 b other than cash basis ie..forget to take deduction on the year in which payment was made.thereafter realise it, and want to take in next year...?? plz reply with case if any

Pankaj Gupta

Pankaj Gupta (Expert)
Follow

29 May 2013 No case required, because it is clearly mentioned in sec 43B that such expenses will be allowed only in the previous year in which such sum is actually paid.
Hence you cannot claim the escaped expenses through 43B.
The only way is to file a revised return.