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43B(H) applicability

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student
127 Points Posted on 15 February 2024

section 43B(H) is applicable from FY 23-24 or FY 24-25?

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On 15 February 2024 at 15:04 Report
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Article Assisstant
233 Points Posted on 15 February 2024
24-25
1 Reply
On 15 February 2024 at 15:37
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"Do the Right Thing...!!!"
128147 Points Posted on 15 February 2024
Section 43B(H) is applicable from FY 23-24 or FY 24-25?

It's applicable from FY 23-24....
463 Reply
On 15 February 2024 at 15:38
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Chartered Accountant
86505 Points Posted on 15 February 2024
As said by earlier experts, it is applicable from 01.04.2023
814 Reply
On 15 February 2024 at 17:25
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100 Points Posted on 06 March 2024
This new Provision was announced in Finance Act 2023 but with words that it will be Applicable from 01-04-2024 onwards.
So if you have any outstanding balance on 31-03-2024, then it will don't have any Disallowances.
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On 06 March 2024 at 07:37
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Chartered Accountant
86505 Points Posted on 09 March 2024
Sir give already notified the audit forms with the clause for declaring transactions made in violation of Sec 43B(h)
814 Reply
On 09 March 2024 at 08:38
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100 Points Posted on 09 March 2024

Rashmi Madam

I am not able to understood your reply.

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On 09 March 2024 at 09:25
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Chartered Accountant
86505 Points Posted on 10 March 2024
Circular was notified in which clause for 43B(h) inserted in audit report from this year and same is applicable from 01.04.2023
814 Reply
On 10 March 2024 at 21:31
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100 Points Posted on 10 March 2024

Rashmi Madam,

You are correct, it is applicable from 01-04-2023 onwards.

I accept my mistake and I sorry for inconvenience caused to you and Thanks a lot for updating me about this.

I once again sorry for giving inherently incorrect information.

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On 10 March 2024 at 22:13
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Chartered Accountant
86505 Points Posted on 21 March 2024
It's okk , it a public platform for changing knowledge and sometimes this type of mistakes happened.
814 Reply
On 21 March 2024 at 00:31


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