Sec 43b
This query is : Resolved
20 November 2013
Whether unpaid property/municiple tax shall be disallowed u/s 43b? (like tds and bonus etc)
21 November 2013
Section 43B includes disallowance for any tax, cess, duty or fee payable under any law but not paid before 139(1) due date.
As property/ municipal taxes are as good as a tax and are governed by a statute, they attract section 43B disallowance if not paid.
As property/ municipal taxes are as good as a tax and are governed by a statute, they attract section 43B disallowance if not paid.
21 November 2013
In addition to Santosh's advice, property tax shall be disallowed under Section 24 is the said property is being offered to tax under "income from house property"
21 November 2013
Thanks.
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