Disallowance u/s.43b
This query is : Resolved
19 September 2011
Service and sales tax not paid for the whole year and are shown as payable under current liabilities, whether this is disallowable under sec 43B. and if so why ?? since it is no claimed as expense ?? pls help
19 September 2011
No, if the amount has not been claimed as deduction from the P&L account then there arises no disallowance for the same.
Hence in this case the amount of taxes unpaid and shown as liablity will not attract the liablity of Sec 43B.
Hence in this case the amount of taxes unpaid and shown as liablity will not attract the liablity of Sec 43B.
19 September 2011
Agrred with the expert that it will not be disallow but presentation will be require to made in 3CD report and return filed.
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