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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40 a (3) disallowance

Sir We are making freight payment to transporter on behalf of vendor this is not expenses of our company Payment is made to transporter this amount is debited to raw material supplier A c Will provisi

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Section 43b

Dear experts i have made provision of electricity on 31 3 2014 but this electricity bill was paid on 12 4 2014 my Query is weather we need to pass this entry on 12 4 2014 actual date of payment or on

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Disallowance of expenditure


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Disallowance of expenditure u/s 37(1)

I wanted to clarify whether ROC filing fees paid on account of annual filing forms and stamp duty on Transfer of shares is an allowable expense u s 37 1 or not

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Tds disallowance

commission paid to snapdeal amazon beyond tds limits without deducting tds but the fact is that we are receiving the amount of sale after deducting commission so we are not able to deduct tds whether

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Is provision mandatory under section 43b?

Hello All Assessee is following accrual basis for accounting In A Y 2015 16 it has paid Entry tax for Assessment years 2011 12 12 13 and 13 14 As these amounts were not known in previous years no prov

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Disallowance of cash payment to partners more than 20k

Hi I have a query regarding cash payment made to partners more than 20 000 in a single day whether it will be disallowed as per section 40a3 of IT Kindly clarify Regards Meyyappan S

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Tds disallowance

Hi Friends I heard that 30 disallowance on account of non deduction of TDS will be applicable only from the FY 15 16 and not 14 15 Does that right

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Disallowance of expense for default in tds

Hello Once the expese is disallowed in computation for non deduction of tax or short deduction of tax whether TDS and subsequentlyfiling of TDS returns thereafter i e filing of return of income is req

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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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  • 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 : 9/17/2015 3:27:09 PM

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