Claim of 43b expenditure paid after tax audit report date

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Sanjana (Querist)
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17 November 2011 Tax Audit Report is dated 30th September 2011, whereas Bonus to employees is paid on 25th October, 2011. Return to be filed on November 30, 2011. Should the amount of Bonus paid to employee be claimed as a deduction while fling the Income Tax Return for the F. Y. 2010-11 even though it is not reflecting in the Tax Audit Report as paid.

CA Neha Jain

CA Neha Jain (Expert)
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17 November 2011 Yes, it can be claimed.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 November 2011 Bonus paid on 25th October 2011 will be allowed as business expenditure for the FY 2010-11 in view of the proviso to section 43B of the IT Act,1961.

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