The provision of Section 43B overrides the method of accounting ...

Section 43B: Deduct Statutory Liabilities Only in Payment Year, Regardless of Accounting Method Used or Liability Incurred Year.

June 2, 2016

Case Laws Income Tax AT

The provision of Section 43B overrides the method of accounting consistently followed and provides for the deduction of statutory liabilities in the year of payment irrespective of the year in which the liability is incurred. - AT

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The provision of Section 43B overrides the method of accounting ...

Section 43B: Deduct Statutory Liabilities Only in Payment Year, Regardless of Accounting Method Used or Liability Incurred Year.

June 2, 2016

Case Laws Income Tax AT

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