Can Electricity Duty be covered under 43B?
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Dis allowance u/s 43b
Replies (2)
yes. This has been held as the statutory liability hence to claim it has to be paid.
Provision of Sec. 43 B inter alia states:
a) any sum payable by the assessee by way of tax, duty, cess or fee, (by whatever name called, under any law for the time being in force);
Considering the above provision, electricity duty paid is allowed as an expense.
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