TaxTMI 
TaxTMI 
Disallowance u/s43B of the Incometax Act
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....isallowance u/s43B of the Incometax Act<br> Query (Issue) Started By: - Gopalarathnam Muralidharan Dated:- 17-12-2010 Last Reply Date:- 18-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>In our com....
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....pany, salestax, service tax, duties etc are routed through Balance sheet. But AO wants to disallow certain taxes which were beyond the stipulated date. We objected to saying that Sec43B has no applica....
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....tion as the taxes etc are routed through Balance sheet. But AO wants to have Sec145A workings to find out taxes impact on Profit and Loss. Is it correct Reply By CA Rachit Agarwal: The Reply: At the....
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.... time of Tax Audit, Form 3CD, Clause-12(b), we have to state the deviation and effect on Profit/Loss by the virtue of Section 145A. Hence AO contenttion is right. However there are guidelines which ....
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....is enumerated in the "Guidance to Tax Audit" published by ICAI, in which your content could also be held right.<br> Discussion Forum - Knowledge Sharing ....