Inclusion of payments to Indian Railways under section 43B alters timing for deductibility, subject to payment. The amendment, effective 1 April 2017, modifies clause (f) by adding "employee, or" and inserts clause (g) to treat any sum payable by the assessee to the ... Summary
Inclusion of payments to Indian Railways under section 43B alters timing for deductibility, subject to payment.
The amendment, effective 1 April 2017, modifies clause (f) by adding "employee, or" and inserts clause (g) to treat any sum payable by the assessee to the Indian Railways for the use of railway assets as falling within the provision that conditions deductibility on payment.
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