Question ID :
38006
Disallowance u/s 43B
As the audit report was signed before payment of Income-tax dues of the AY 2017-18, the same was shown as liability remain unpaid before due date in Audit report and accordingly return was filed. Now after the Audit and IT return of AY 2018-19 intimation was sent for AY 2017-18 stating disallowance of the aforesaid unpaid liability and demand raised. Now to claim the said disallowance in AY 2018-19, whether only IT return revision would be sufficient or Audit report is also need to be revised? As per the wording of the format 3CD only liability that exist on 1st day of previous financial year can be considered for 43B, whereas in return the wording are referred to any preceeding financial year. Please clarify
Posted by
SURAJ KUMAR CHOUDHURY
on
Feb 27, 2019
Filed Under
DIRECT TAXES
Answer ID :
76320
Income Tax Expenses is any which ways not allowable as deduction under the Income Tax Act, so there is no question of Dis-allowance or revision.
Posted by
Ashish Kumar Goyal on
Feb 28, 2019