Section 43B
This query is : Resolved
CA.HARDIK.V.SHETH
(Querist)
16 December 2010
Is section 43B is applicable in case if it is capitalised Eg.Interest not paid capitalised to Fixed assets.
Please help me its urgent and if you have any case law then please provide.
thank you in advance.
Please help me its urgent and if you have any case law then please provide.
thank you in advance.
M Prabhakar Menon
(Expert)
16 December 2010
use indiankanoon.com the best search engine for case law etc
CA.HARDIK.V.SHETH
(Querist)
16 December 2010
Thanks Prabhakar but is there have nay answer regarding the matter?
CA Ayush Agarwal
(Expert)
16 December 2010
Section 43B Says That Such Expenses Allowable Only If Paid.
so Here UR Not Taking it as Expense & Capitalizing it.
Hence 43B is Not Applicable.
so Here UR Not Taking it as Expense & Capitalizing it.
Hence 43B is Not Applicable.
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