Allowability u/s 43b

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CA Manisha More (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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.

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Allowability u/s 43b

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