Hi, can anyone confirm me along with refrence to IT Act ,
Following is the status in 43B item
Pre existed liability as on 01.04.11 - Rs.4 crore
Amount incurred during the year - Rs.2 crore
Amount before filing of returns - Rs.2.55 crore
Not paid on or before the due date(30.11.12) - (55 lakhs)
Now, whether we can claim this excess payment of Rs.55 lacs in return of AY 12-13,,?? Is it restricted to provision made??
Thanks in advance.