40(a)(ii) any sum paid on account of any rate or tax levied on the profits or gains of any business or profession or assessed at a proportion of, or otherwise on the basis of, any such profits or gains;
43B(a) any sum payable by the assessee by way of tax, duty, cess or fee, by whatever name called, under any law for the time being in force, or
Income tax expenses is disallowed under section 40(a)(ii), can it be allowed under section 43B(a) at the time of making payment?
16 September 2019
43B : Applicable to taxpayer maintained books of account on mercantile Basis I any payment required to made in that Financial and same not made before due date of filing of income tax return then such expenditure is disallowed under section 40(a)(ii) But same is allowed as deduction in year in which such payment made u/s 43B
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