Section 43B

Direct Taxation

Are payments u/s 43B are allowable in any previous year when it is paid on or before filing of return u/s 139(1) OR it should be paid in the year when it is due?? For eg, mr.A was supposed to pay gst of the month april,2019 and he made a provision in his book but he failed to pay before due date u/s 139(1).Later in next financial year he paid those gst amount.Can he still claim the deduction of the gst amount ??

Nagesh S Hegde

CA Inter

★ 11K+

31-May-21 18:40

922

Answers (2)

Allowed on payment in the year of payment if not paid before the due date u/s139 for the current financial year

Sudha Reddy

CA Final

★ 20K+

01-Jun-21 10:54

Sudha Reddy

Allowed on payment in the year of payment if not paid before the due date u/s139 for the current financial year

Ok.. thank you

Thread Starter

Nagesh S Hegde

CA Inter

★ 11K+

01-Jun-21 11:00