https://www.taxtmi.com/article/detailed?id=7765 Section 43B requires specified deductions to be claimed only in the year of actual payment irrespective of accounting method. The article explains adjustments: disallow unpaid amounts charged to profit and loss, and allow payments actually made in the previous year (including advances, payments under protest, and payments against past liabilities not debited to profit and loss). It argues that the provision causes timing disputes and administrative burdens, often without material revenue benefit, and recommends deletion so recovery is handled by other enforcement mechanisms. en-us Tue, 12 Dec 2017 08:35:52 +0530 Tue, 12 Dec 2017 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7765 Section 43B requires specified deductions to be claimed only in the year of actual payment irrespective of accounting method. The article explains adjustments: disallow unpaid amounts charged to profit and loss, and allow payments actually made in the previous year (including advances, payments under protest, and payments against past liabilities not debited to profit and loss). It argues that the provision causes timing disputes and administrative burdens, often without material revenue benefit, and recommends deletion so recovery is handled by other enforcement mechanisms. Articles Income Tax Tue, 12 Dec 2017 08:35:52 +0530 https://www.taxtmi.com/article/detailed?id=7765