Sec.43b deductions on actual payments
This query is : Resolved
16 December 2013
whether sec.43B attracts on the interest on delayed payment of sales tax liability. as per calcutta high court judgement,the interest on sales tax liability does not mean sales tax bcz interest on sales tax is the consideration for the extended payment of sales tax liability this is opportunity cost of sales tax payable.
17 December 2013
please refer to judgment in the case 260 ITR 218: interest on sales tax is part of sales tax and covered by Section 43B.
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