Regarding sec 40a&43b
This query is : Resolved
k vinod kumar reddy
(Querist)
09 December 2013
what is the difference b/w Sec 40(a)& 43B in income tax.
CA PARAS BAFNA
(Expert)
09 December 2013
Section 40(a) : The provisions of this clause requires the assessee to deduct TDS on certain payments which are being made to non residents/residents. Non deduction of TDS makes the expenditure diallowable.
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Section 43B: The provisions contained in this section prescribe for deduction of certialn taxes and expenses on payment basis, though the assessee follows Mercantile system of accounting.
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Section 43B: The provisions contained in this section prescribe for deduction of certialn taxes and expenses on payment basis, though the assessee follows Mercantile system of accounting.
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