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43b disallowance

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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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Experts Opinions

43 b disallowance


Dear Sir Assessee has paid some PF related to some previous years more than 2 yrs back period as it was not paid due to some clerical mistake both employer portion employee portion even if not deducted from employee s salary Can company take allowance for the same on payment basis u s 43B or same wi

Audit fees payable disallowance under it act


Hi everybody I have a confusion in the matter of dis allowance of expenses that for the PY 2015 16 audit provision entry passed for the day 31st of March 2016 now i mean in September 2016 and the client ready to deposit TDS in this month My question is whether i have to dis allow the 30 of audit fee

Disallowance under chapter via, sec 80tta


A Physiotherapist filed his Original return for AY 2014 15 on 13 03 2016 that is Belated ofcourse claiming refund of Rs 390 The same was processed by CPC and the intimation U s 143 1 was sent on 24 08 2016 It was found that the Deduction of Rs 6817 relating to Savings Bank Interest U s 80TTA Known t

Disallowance under chapter via, sec 80tta


A Physiotherapist filed his Original return for AY 2014 15 on 13 03 2016 that is Belated ofcourse claiming refund of Rs 390 The same was processed by CPC and the intimation U s 143 1 was sent on 24 08 2016 It was found that the Deduction of Rs 6817 relating to Savings Bank Interest U s 80TTA Known t

Disallowance under chapter via, sec 80tta


A Physiotherapist filed his Original return for AY 2014 15 on 13 03 2016 that is Belated ofcourse claiming refund of Rs 390 The same was processed by CPC and the intimation U s 143 1 was sent on 24 08 2016 It was found that the Deduction of Rs 6817 relating to Savings Bank Interest U s 80TTA Known t

Discussion

Disallowance of TDS on Salary

Dear All I have a question of disallowance of TDS on salary Can anyone explain me on this

Business expenses disallowance

is interest paid to unsecured loan are allowed on accural basis

Disallowance of depreciation & other expenses

Can depreciation other expenses claimed in relation to the commercial buildings be disallowed on the grounds that standard deduction u s 24 a is givenwhile calculating income from House property

Disallowance undersection 40a(3)

Will payments in excess of Rs 20000 00 be disallowed even where the assessee discloses his income under sec 44AD

Disallowance u/s 43b of income tax act

Is it mandatory to quote the date of payment of VAT in clause26 B of the form 3 CD even if the same has not been claimed as an expense in computing the profit In short whether the disallowance u s 43B is attracted even in case of statutory dues which are not claimed as an expense deduction in comput

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File Download

  • ICAI - Revised Scheme of Education & Training for CA Course

    Revised Scheme of Education and Training for CA Course
  • Circular on Section 14A

    CBDT notifies amended Rule 8D for computation of disallowance u s 14A clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee Deletes sub clause ii in Rule 8D 2 which dealt with computation of expenditure towards interest not directly attributable to any particular income receipt as per the prescribed formula Increases the rate to be applied on annual average value of investments from 0 5 to 1 Amended Rule shall come into force on the date of its publication in the Official Gazette CBDT
  • 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

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Articles

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


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 law makers and this cannot be denied when referring to umpteen cases where the books of accounts of t


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Updated on : 9/30/2016 1:19:09 PM


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