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 12:00AM