Section 43b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2011 Breif Facts of the Case are :

1. Client collect from purchasers and pays a state Govt tax called Forest Development Tax (FDT)
2 the Above FDT is not routed through Profit and loss account. Neither shown as Receipts nor as Expenses
3 As on year end there is some amount of FDT payable to State Government.
4. Clent follows Mercantile System of accounting.

The Query is whether the FDT payable as on year end will be added back to Income if the same is not paid before filing of ROI ????

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 September 2011 Can't be disallowed under section 43B since not routed through profit and loss account.

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