Section 43(b)
This query is : Resolved
CA Saurabh Khetan
(Querist)
19 November 2011
If Company A Ltd. is liable to pay Rs.1,00,000/- for workman compensation policy but on be half of A Ltd. B Ltd. Pays Rs.1,00,000/- for workman compensation policy will this expenditure be allowed U/s 43(b)
Aijaz Shaikh
(Expert)
20 November 2011
Yes, if paid before due date of filing the return. Treat the amount paid by B ltd as loan.
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