Disallowance u/s 43b

Dear Sripal,

May be you are not able to understand what exactly i want say. For your understanding i am giving two situation which will make my point of view more clear

Cae 1-: When Vat routed through P&L A/c

Case 2-: When VAT not routed through P&L A/c

From above two example i hope you can understand what i want to say regarding adding back to income as the difference between the above two mention method will be the VAT liability not paid. ie. Rs.800.

Regards

Amit Mehta

Sripal Please note that in case two figures are exclusive not inclusive.

Thanks to all for a fruitful discussion.

hey im speaking about vat payable and receivable...anyways this both accounts are not shown in p&l account...if im not wrong as per guidance note on VAT...so differntial amount wil be shown as liabilti or asset...so plzz lemme knw if u can just be more clear regding this or i have to agrre with bafna sir regding 145a section which speaks about all duties taxes must be included

Thanks a lot to all specially to paras sir, very beautifully explained. Thanks again.

Thaks to Mr. Bafna. Fully agree with the point.

wrong one