Section 43b

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2015 Dear expert
i had purchased stationery on 29/3/2015 but payment was not made till 31/3/2015 can i avail it's deduction FY 2014-15 or not...

please confirm...

11 May 2015 You can claim the expenses. The said item is not covered by Section 43B.
.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 May 2015 Dear paras sir
actually the stationery was purchased on 29/3/2015, or payment for the same was made on 5/4/2015. in which FY can we avail it's deduction whether in FY 2014-15 or 2015-16

please confirm

12 May 2015 Payment is not the only criteria to claim the expense.
.
Stationery is being regularly used for the business and if your purchases are of routine in nature you can avail deduction in FY 2014-15.
.
However, if the stationery has been purchased for the purpose of FY 2015-16, you have to claim the expenses in FY 2015-16.
.


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