Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2015 Pl. tell me as to dis allowance of ESIC that how much amount is disallowed if not paid within due date. Whether employee share is disallowed or both share ( employee and employer )

Abhay

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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25 September 2015 Only employee contribution is not deductible if paid after due date as per section 36(1)(va) read with section 2(24)(x). In case of employers' contribution of ESIC, the same allowed as deduction if it is deposited within the due date for filing of return (sec. 43B).

Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2015 Thank You Ram Pawar kumar