Section 43B disallowance under Income Tax Act

By | December 20, 2018
(Last Updated On: May 2, 2020)

Section 43B disallowance under Income Tax Act

Section 43B of Income Tax Act : Certain deductions to be only on actual payment.

Judgments on Section 43B of Income Tax Act

Leave Encashment Deduction on Payment basis u/s 43B is constitutional valid : SC

Delayed payment of Employee EPF allowed if paid before filing ITR u/s 139 : SC

Unutilised MODVAT Credit is not allowed u/s 43B : SC

No reassessment to disallow employee’s PF contribution since disclosure was made in Tax Audit report : HC

No Deduction for Delayed Payment of employees contribution of EPF & ESI as it is not covered in Section 43B :HC

Both Employees and employer contribution to PF covered u/s section 43B

Deduction of Section 43B not allowed for contingent liability

License fee for liquor vending would not fall within section 43B

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