43b disallowance


Expenditure upto 35000 in cash allowed to transporter

Expenditure made of more than 20000 in cash allowed to transporter Enhancement of limit for disallowance of expenditure made in the case of transporters Under the existing provisions of the Income tax

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Experts Opinions

U/s 43b

During scrutiny ITO added service tax vat in income even in p l taxes are not debited as expenses As per ITO u s 43b if duty taxes is not paid before due of filling return than it will be added in inc

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Disallowance u/s 40(a)(ia)

Any case laws for disallowance u s 40 a ia in case of partial deduction payment TDS under Chapter XVII B

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Section 43b

Dear Experts We have made the provision of electricity on 31 3 2014 since then this payment is not made yet plz guide me as per section 43B how long we have to made the payment of that said provision

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Salary disallowance under section 40a(ia)

Is salary paid without deducting the TDS in F Y 2012 13 to a resident individuals is disallowed under section 40a ia Plz answer subject to amendments of Budget 2014 relating to the above mentioned sec

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An assessee charged a sum of rupees in to his P L as Business promotion expense but the AR disallowed the said expense with the explanation that the assessee has not doing any business now and the pla

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Disallowance of cash expenses

Advance against salary given to employee Rs 30000 and than set off against salary whether it can be classified under section 269tt or section 40a 3 of the Income Tax Act 1961 and than we can say our c

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Disallowance in sec. 14a

As per the amendmend in budget 2016 Disallowance will be limited to 1 of the average monthly value of investments yielding exempt income but not exceeding the actual expenditure claimed under rule 8D

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Disallowance of remuneration for partnership firm

letter of rectification u s154 for disallowance of remuneration

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Salary disallowance under section 40a(ia)

Is salary paid to resident individuals in F Y 2012 13 without deducting TDS is disallowed under section

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Query If STATUTORY LIABILITY is not shown separately as liability and is shown as INCOME and not paid then will s 43B be triggered Eg Collected excise but credited to misc inc instead of excise payabl

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  • CA Course- new scheme of education & training

    CA Course new scheme of education training


  • MAT Provisions, Section 43B, Section 44AB

    This file contains MAT provisions Provisions of Section 43B and Provisions of Sction 44AB i e Tax Audit


  • S. 40(a)(ia) Disallowance for CA IPCC and Final May 2015

    S 40 a ia Disallowance for Non Deduction and Short Deduction of TDS from A Y 2015 16 Applicable for CA IPCC and FINAL MAY 2015 EXAM and It is practically useful For CA s


  • Quick Revision of sec 36,40, 43b of Income Tax

    Quick Revision of sec 36 40 43b of Income Tax


  • CBDT clarification on disallowance u/s 14A of IT Act 1961

    Expenses pertaining to exempt income are disallowed u s 14A of Income Tax Act 1961 Now CBDT has clarified vide circular dated 11 2 2014 that such expenses will be disallowed even if there is no corresponding exempt income e g dividend in a particular financial year


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Income Tax Act - 1961 Sec 14A disallowance

Introduction 1 Section 14A was first inserted by the Finance Act 2001 However same was inserted with retrospective effect from 1 4 1962 The inserted section reads as under 14A Expenditure incurred in

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Failure to deduct tax at source - disallowance restricted to 30%

As per the existing provision of section 40 a ia any payment made by way of interest commission brokerage rent royalty fee for professional services fee for technical services payment to a contractor

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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer- Part II

Another situation which in many of the cases under the Punjab VAT which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been c

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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

The system of VAT was introduced in the sales tax law to bring more transparency efficiency to remove tax cascading etc The difficulties which may arise in any system comes to picture only when the sy

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MTM Loss Disallowance - Another opportunity to revisit

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them The focus seems to be on distinguishing oneself from the accounting l

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Updated on : 6/5/2016 12:38:11 AM

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