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

Applicability of s. 43b to unpaid service tax

Suppose a Company has not paid the service tax as at the year end and also before filing of return of income would it attract provisions of S 43B of Income Tax Act Further if this amount is undisputed

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Disallowance of commission expenditure

M A XYZ Co is a seller and M S DEF Co is a purchaser and Mr A is acting as a middleman commission agent on behalf of M S XYZ Co during scrutiny proceedings the A O disallowed expenditure on commission

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Section 43b

Dear expert i had purchased stationery on 29 3 2015 but payment was not made till 31 3 2015 can i avail it s deduction FY 2014 15 or not please confirm

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Disallowance of exemption u/s54 of the it act,1961

Disallowance of exemption claimed u s54 of the ITAct 1961 Assessee has claimed exemption u s 54 of the ITAct 1961 by investing 1crore in a residential flat developed by the developer on the sold resid

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Section 43b

dear sir AS service tax collected not paid on or before due date of filing return of income need to be reported by tax auditor in his tax audit report

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Disallowance itc under wb vat act 2003 for credit purchases?

dear members We would like to know wether ITC can be disllaowed on purchases whose payments are due please also let us know if the seller and pruchaser adjust the amount by way of debits and credits a

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43b disallowance for service tax

Hello I need your valuable guidance in respect of below issue Case Income tax 43B disallowance in case of unpaid service tax Snyposis Assessee follows mercantile system of accounting It has significan

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Statutory payment covered by 43b

Dear Sir i want to know that which statutory payment are covered in 43B section of Income Tax

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Disallowance for short deduction of tds

Tax to be deducted us 194J 10 is Rs 10 000 on Rs 1 00 000 and actually deducted and paid Rs 1 000 What will be amount of disallowance

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Late return of income tax - disallowance of expenses

Dear Sir One of our private limited company was not filed the Income Tax Return till date to whom the Tax audit is not applicable Now the company wants to file the Income Tax Return The Company is als

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  • 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


  • Calculation of ITC disallowance under Uttarakhand Vat Act

    Step wise procedure to calculate the ITC disallowance under Uttarakhand Vat Act


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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 : 6/16/2015 12:03:11 PM