Certain deductions allowed on actual payment basis only.

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.... the income chargeable under section 26 only in the tax year in which such sums are actually paid irrespective of-- (a) any provision to the contrary in this Act; or (b) method of accounting regularly followed; or (c) the tax year in which the liability was incurred. (2) The sums payable for the purposes of sub-section (1), shall be-- (a) tax, duty, cess, sur....

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....ent Act, 2006 (27 of 2006). (3) In case the amounts specified in sub-section (2), except the sum referred to in clause (g) thereof, are paid after the end of the tax year in which the liability was incurred, but on or before the due date of filing of return of income under section 263(1) for such tax year, the deduction towards such sum shall be allowed in such tax year. (4) If interest on l....