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


Nivetharaman Raman

Nivetharaman Raman

CA Inter

11K+

16-Aug-20 14:41

311

Answers (3)

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


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

16-Aug-20 14:51

Over ride mns sir


Thread Starter

Nivetharaman Raman

Nivetharaman Raman

CA Inter

11K+

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.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

18-Aug-20 06:19

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