Applicablity of sec. 43b where income is shown u/s 44ad

This query is : Resolved

Chandan B.patel (Querist)
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24 February 2012 I have shown income u/s 44AD in A.Y. 2011-12. Whether I have to comply with section 43B even in this case ? Kindly guide.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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24 February 2012 As the income is being shown on presumptive basis in pursuance of the provision of Section 44AD(1), it will be deemed that , even if something contrary has been prescribed in Section 28 to Section 43C, that will not prevail.
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Section 43B , is basically shifting the expenditure from the year, when such expenditure has been accrued to the year, in which payment is being made. It does not grant any extra fresh deductions.
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So, it is not necessary to comply, and whenever you comply , you will not get any benefit in the year of payment.
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