43b disallowance


Disallowance of depreciation on capital expenditure made in cash

Under the existing provisions of the Act revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub section 3 of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the Income tax Rules 1962 However there is no provision t

Expenditure upto 35000 in cash allowed to transporter

Expenditure made of more than 20000 in cash allowed to transporter Enhancement of limit for disallowance of expenditure made in the case of transporters Under the existing provisions of the Income tax Act where an assessee incurs any expenditure in respect of which payment in excess of Rs 20 000 is

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Experts Opinions

Dis allowance under section 43b

Is extended date of filing income tax return and audit report applicable for allowing certain payments on actual payment basis under section 43B of income tax act for F Y 2016 2017 i e TDS and service tax for the F Y 2016 2017 paid on 13 10 2017 is it eligible for deduction under section 43 B and 40

Disallowance under section 40(a)(3)

Sir If we have purchased a capital asset for cash more than Rs 20000 is disallowance under section 40 A 3 will attract or not Please explain in detail

Disallowances for cash payment

Purchased fixed Asset Building by paying cash more than 20000 in a single day Whether there is any disallowance

Disallowance of Taxes, Expenses

Whether Expenses such EPF ESIC Taxes such as Vat for preceeding years are disallowed in Tax Audit

Disallowance u/s section 14a - rule 8d

Can the Disallowance under section 14A be made more than the exempt income earned Dividend Exepmt income Rs 80 000 Disallowed U s 14A 8D 2 50 000 Current Investments Opening Balance Closing Balance Average 5 00 00 000 2 50 00 00 Rate 1 00




40A(3) disallowance

Assume ABC co a partnership firm is dealing in Medicines It incurred carriage expenses of Rs 11 000 The bill was booked in the name of firm amount was paid in cash by a partner out of his personal money Later his account was adjusted to give that effect In the above will sec 40A 3 is applicable If y

sec 43b

We have shown expenses of ESI paid by employer fy 2016 17 can it comes under 43B if we are not paid on or before tax return date

section 43b

Will employee contribution be disallowed if paid after monthly due date but before furnishing of returns for FY 16 17

Disallowance u/s 14a or 37

Dear Friends and experts ABC is a subsidary of XYZ ABC raised funds of Rs 5 Crore through Debentures during the year That money was advanced by ABC to XYZ to be incurred by XYZ for its project but ABC did not charge any Interest from XYZ on such advance ABC charged Rs 25 Lakhs Interest on Debentures

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Section 40A(3) disallowance of expense made in cash & its exceptions

Section 40A 3 of the Income tax Act The payment made more than 20 000 in cash and its result Section 40a 3 of the Income tax Act provides that any expenditure incurred in relation to business is made in a sum exceeding Rs 20 000 in a single day otherwise than by account payee cheque or draft shall n

Income Tax Act - 1961 Sec 14A disallowance

Introduction 1 Section 14A was first inserted by the Finance Act 2001 However same was inserted with retrospective effect from 1 4 1962 The inserted section reads as under 14A Expenditure incurred in relation to income not includible in total income For the purposes of computing the total income und

Failure to deduct tax at source - disallowance restricted to 30%

As per the existing provision of section 40 a ia any payment made by way of interest commission brokerage rent royalty fee for professional services fee for technical services payment to a contractor or sub contractor on which tax is deductible at source but is not deducted is not allowed as deducti

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer- Part II

Another situation which in many of the cases under the Punjab VAT which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been cancelled or normally it is stated in the assessment orders that the person from whom goods have been

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

The system of VAT was introduced in the sales tax law to bring more transparency efficiency to remove tax cascading etc The difficulties which may arise in any system comes to picture only when the system is practically implemented One of the major difficulties being faced by the dealers is the disa

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Updated on : 10/16/2017 8:17:15 PM

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