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Notwithstanding anything contained in above sec...meaning plse.sir


Nivetharaman Raman

Nivetharaman Raman

CA Final

10K+

16-Aug-20 14:41

46

Answers (3)

If a sectin begins with "Notwithstanding....", it means the section overrides the provision of other section or other portion of Act.


Suraj Lakhotia

Suraj Lakhotia

Admin

16-Aug-20 14:51

Over ride mns sir


Thread Starter

Nivetharaman Raman

Nivetharaman Raman

CA Final

10K+

16-Aug-20 20:32

Section 37 - Business expenses are allowed as deduction Section 43B - Nothwithstanding any provision contained in income tax, certain expenses will be allowed as deduction only on payment basis. So 43B overrrides section 37.


Suraj Lakhotia

Suraj Lakhotia

Admin

18-Aug-20 06:19

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