Section 43b

This query is : Resolved

B.R.BHAGYALAKSHMI

B.R.BHAGYALAKSHMI (Querist)
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22 February 2012 Whether sales tax collected not paid to be disallowed u/s 43B. it is disclosed as sales tax payable in balance sheet. Is there any effect on disallowance if the assessee is not covered under 44AB

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 February 2012 Can't be disallowed u/s 43B unless it is routed through profit and loss account. This position will not be changed if the assessee is not covered u/s 44AB.

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