24 September 2015
What amount should b report in form 3CD point no. 26(B) (a),??????
Whole amt incurred and paid during the previous year on or before due date of ROI u/s 139 or only that portion of expense which were outstanding as on 31st march and paid before the due date of ROI.???????????????
suppose whole year bonus exp is 100000 and paid before 31st march is only 60000 and paid 20000 later on or before the due date of roi.
what amount should be reported in 26(B)(a) in 3CD Form.
24 September 2015
if Bonus is paid before the date of filing of the return, entire expenditure is allowed. Hence it may not be mentioned there as disallowed portion is NIL
27 September 2015
In your case first paid 60000 is allowable. Then rs 20000 paid before due date of filing is also allowed. The remaining portiin of (100000-60000-20000) ie Rs 20000 is not allowed
27 September 2015
sir my query is not about t the allowable or not allowable in profit and loss account, my query is only all about to the reporting purpose in tax audit report,
in clause 26 (B) (a) of form 3CD, the required information is, report that amount which are incurred in the financial year and paid on or before the due date of filing ROI.
i repeat that my confusion is what portion of expense is report whole expense which is incurred in fy and paid before due date or only outstanding portion of expense which is stand payable as on 31st march.
this is highly appreciated if u reply with the help of my above practical example in terms of amount.
27 September 2015
sir my query is not about t the allowable or not allowable in profit and loss account, my query is only all about to the reporting purpose in tax audit report,
in clause 26 (B) (a) of form 3CD, the required information is, report that amount which are incurred in the financial year and paid on or before the due date of filing ROI.
i repeat that my confusion is what portion of expense is report whole expense which is incurred in fy and paid before due date or only outstanding portion of expense which is stand payable as on 31st march.
this is highly appreciated if u reply with the help of my above practical example in terms of amount.
CAclubindia
