Section 43b

prashant (Querist) 17 December 2014 This query is : Resolved
On purchase of goods we have not paid VAT before filing of Income Tax Return whether the amount of VAT will be added u/s 43B of Income Tax Act at the time of computation of Income or amount of purchase on which VAT is not paid at the time of filing of Income Tax Return u/s 43B of Income Tax Act

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C. SANJEEVA RAO (Expert) 18 December 2014
Section 43B of the Income-tax Act,1961 is applicable in the cases where the VAT/sales tax/other statutory dues (which were prescribed under this section) are due to be paid to the Government, after the due date prescribed under section 139(1) of the Income-tax Act, but not on the purchases of goods.

T. Kalaiselvan, Advocate (Expert) 24 December 2014
Better consult your auditor or a tax consultant in the local and proceed as per the proper procedures envisaged in the law.

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