Applicability of section 43b of the income tax act, 1961
This query is : Resolved
05 June 2012
In case of Rice Mill on the Purchase of Paddy a Particular Percentage of Market Fees are Payable so at the time of end of year we make Provision based upon that but.....
If actual is less than or more than that provision than it will be allowed under section 43B or...
Section 43B is not at all Applicable in the above mentioned case..????
If actual is less than or more than that provision than it will be allowed under section 43B or...
Section 43B is not at all Applicable in the above mentioned case..????
Soumitra Basu
(Expert)
06 June 2012
Section 43B is not applicable here.
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