Prior Period Expenses and ESI Payments Disallowed Under Income Tax Act Section 43B; Deduction Only in Year of Payment.

Prior Period Expenses and ESI Payments Disallowed Under Income Tax Act Section 43B; Deduction Only in Year of Payment. https://www.taxtmi.com/highlights?id=53981 Disallowance of prior period expenses - Addition towards ESI payment - provisions of Section 43B of the Act which provides that certain expenditure / payments which are otherwise eligible for deduction under the Act shall be allowed as a deduction only in the year of actual payment irrespective of the year of accrual of such expenditure. en-us Sat, 11 Jul 2020 11:30:50 +0530 Sat, 11 Jul 2020 11:30:50 +0530 TaxTMI RSS Generator Prior Period Expenses and ESI Payments Disallowed Under Income Tax Act Section 43B; Deduction Only in Year of Payment. https://www.taxtmi.com/highlights?id=53981 Disallowance of prior period expenses - Addition towards ESI payment - provisions of Section 43B of the Act which provides that certain expenditure / payments which are otherwise eligible for deduction under the Act shall be allowed as a deduction only in the year of actual payment irrespective of the year of accrual of such expenditure. Highlights Income Tax Sat, 11 Jul 2020 11:30:50 +0530 https://www.taxtmi.com/highlights?id=53981