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Sec 43(B)

This query is : Resolved 

31 December 2009 Explain this section

31 December 2009 This section deals with certain deductions to be allowed only on actual payment of the same. That means the assessee should show the proof of payment of such payments along with the filing of return. Such payments are foe example -
a. tax, duty, cess or fee under any acts to be payable
b. any sum payable by the assessee as an employer by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees
c. any sum payable by the assessee as interest on any loan or borrowing from any public financial institution
d. any sum payable by the assessee as an employer in lieu of any leave at the credit of his employee

Hope it is clear.

31 December 2009 Thanks a lot Vanisri, its clear now

31 December 2009 AGREE WITH VANISRI

31 December 2009 agree

31 December 2009 well done vanisri


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