Allowability u/s 43b
This query is : Resolved
28 September 2012
For certain exp. to be allowed u/s 43B, it is to be paid before the due date of filing Return.
If in any case, the due date of filing ROI is 30th Nov. (due to Trf. Pricing provisions) then will the expenses covered u/s 43B be allowed if paid after 30th Sep. but before 30th Nov.?
Pl advise.
If in any case, the due date of filing ROI is 30th Nov. (due to Trf. Pricing provisions) then will the expenses covered u/s 43B be allowed if paid after 30th Sep. but before 30th Nov.?
Pl advise.
28 September 2012
The due date in this case is 30th November as per clause (aa) of explanation (2) of section 139(1). Therefore, payments made up to 30 the November will not attract 43B disallowance as a corollary to the proviso to the said section.
28 September 2012
Agree with Warrierji,
If Payment is made on or before 30th november then there will not be any disallowance u/s 43B.
If Payment is made on or before 30th november then there will not be any disallowance u/s 43B.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
