Disallowance of expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2012
Is there any disallowance under I.T Act in case of late payment of p.tax,P.F,ESI & TDS ?
CA Mehta Ankur N.
(Expert)
05 September 2012
Professional Tax - No
P.F. - It will be disallowed in Current Year and will be allowed in year of Payment u/s 43 B of I.T. Act
ESI - Same
TDS - It will be disallowed in year in the year in which Expense incurred but will be allowed when TDS Paid...
P.F. - It will be disallowed in Current Year and will be allowed in year of Payment u/s 43 B of I.T. Act
ESI - Same
TDS - It will be disallowed in year in the year in which Expense incurred but will be allowed when TDS Paid...
CA Ayush Agarwal
(Expert)
06 September 2012
If You Pay These Taxes Before Return Filling Then Also Allowable in Same Year.
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