S.43b
This query is : Resolved
11 March 2016
Query!!!
If STATUTORY LIABILITY is not shown separately as liability and is shown as INCOME , and not paid, then will s.43B be triggered??
Eg. Collected excise, but credited to misc inc instead of excise payable.
12 March 2016
No, because provision is not made in the accounts.
12 March 2016
43B is not triggered. But be careful, collecting some thing in Govt's name and not depositing the same is very SERIOUS.
13 March 2016
You are most welcome.
.
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