https://www.taxtmi.com/acts?id=46815 Section 43B provides that specified deductions-taxes or duties payable by the assessee and employer contributions to employee funds-are allowable only in the previous year in which they are actually paid, regardless of the accounting year in which the liability arose; an Explanation precludes a further deduction under this section if such deduction was already allowed in an earlier previous year. en-us Tue, 31 Dec 2024 17:05:21 +0530 Tue, 31 Dec 2024 17:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46815 Section 43B provides that specified deductions-taxes or duties payable by the assessee and employer contributions to employee funds-are allowable only in the previous year in which they are actually paid, regardless of the accounting year in which the liability arose; an Explanation precludes a further deduction under this section if such deduction was already allowed in an earlier previous year. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:05:21 +0530 https://www.taxtmi.com/acts?id=46815