43B
This query is : Resolved
himanshu vyas
(Querist)
11 September 2009
What are the provisions contained under Sec.43B for the purpose of tax audit. How to comply with it??? please suggest.
chetan soni
(Expert)
11 September 2009
Any statutory liability outstanding as on 31st March & payments due to employees had to be paid on or before due date of filling return of income. If the same has not been paid then this will be disallowed u/s 43B.
Eg : O/s VAT not paid by assessee. Bonus as per bonus act due to employee & not paid by the assessee. O/s professional tax not not paid by the assessee.
Eg : O/s VAT not paid by assessee. Bonus as per bonus act due to employee & not paid by the assessee. O/s professional tax not not paid by the assessee.
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