Yes it is allowable as expenditure As per the income tax Act U/s 4
Menu
Section 43b
Replies (2)
under sec 43b expenses are allowed on payment basis ,if you paid before due date of filling return
1) sales tax ,service tax ,bonus , LTA
but what is your query
U/s 43B, deductions are allowed on actual payment basis and payment should be made before ROI
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
