43b disallowance


Disallowance of depreciation on capital expenditure made in cash

Under the existing provisions of the Act revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub section 3 of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the Income tax Rules 1962 However there is no provision t

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 Act where an assessee incurs any expenditure in respect of which payment in excess of Rs 20 000 is

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40(a)3 disallowance - payment to creditors..

Does payment to creditors in excess of Rs 10000 during the FY 2017 18 attract 40 A 3 disallowance The words used under the Act is Where the assessee incurs any EXPENDITURE in respect of which a payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque The w

Deduction u/s 43b

Admin Charges paid while depositing PF is allowed as deduction u s 43B


If interest on bank loan taken from nationalised bank is not paid then What is the implication u s 43B

Disallowance of interest expenditure in case of firms

Can the AO disallow excess interest expenditure in case a loan obtained from a partner at 12 and similar loans availabe with public financial institutions at 10 pa

Csr exps-disallowance & tax calculation of mat.

Dear Sir I want to know that about CSR Exps Disallowance Computation of total Income CSR Exps Treatment of MAT Calculation Please advice the same Thanks regards


Esic pf contribution under 43B. Please help!

Do we have to check for both employee and employer contribution to check allowability as per 43B

Disallowance of salary paid to a director

Salary paid to a Director of Rs 10L There is no TDS deduction on the salary paid by the company Wheather is it disallowance u s 40a iiia to acompany

Disallowance of expenditure

If freight is paid without depositing service tax under Reverse charge mechanism whether freight expense is allowed or disallowed under incone tax act

43b of income tax act

Is interest on late payment of service tax allowed u s 43B

Disallowance u/s 40a(3) of the income tax act

The assessee is engaged in the business of supplying milk and milk products to the customers He purchased the products from Alwar Zila Dugdh Utpadak Sahakri Sangh AZDUSS which itself is an authoriseddealer as an authorised sub dealer of Saras Dairy Being in the nature of regular daily trading of the

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Section 40A(3) disallowance of expense made in cash & its exceptions

Section 40A 3 of the Income tax Act The payment made more than 20 000 in cash and its result Section 40a 3 of the Income tax Act provides that any expenditure incurred in relation to business is made in a sum exceeding Rs 20 000 in a single day otherwise than by account payee cheque or draft shall n

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 relation to income not includible in total income For the purposes of computing the total income und

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 or sub contractor on which tax is deductible at source but is not deducted is not allowed as deducti

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 cancelled or normally it is stated in the assessment orders that the person from whom goods have been

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 system is practically implemented One of the major difficulties being faced by the dealers is the disa

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Updated on : 8/12/2017 7:30:44 PM


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