Salary Payable attract 43B..Urgent Sir!!
This query is : Resolved
20 September 2010
Dear Experts,
Whether salary payable for the month of march if shown as payable as on 31.3.2010, Section 43B of the Income Tax Act is applicable?
With regards,
Rajesh.
Whether salary payable for the month of march if shown as payable as on 31.3.2010, Section 43B of the Income Tax Act is applicable?
With regards,
Rajesh.
CA Vinay Gandhi
(Expert)
20 September 2010
Sec.43B doesn't apply for Salary.
It applies only to payments of following nature:-
A.Tax,cess,duty,etc
B.Leave salary
C.Interest on loans taken from banks and financial institutions
It applies only to payments of following nature:-
A.Tax,cess,duty,etc
B.Leave salary
C.Interest on loans taken from banks and financial institutions
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Guest
Guest
(Expert)
21 September 2010
agreed
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