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Pf not deposited in time is allowed under section 43b

tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)

07 October 2013

Whether pf dues is not deposited with in the time is allowed under section 43b???

rgds

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7 Replies

srikanth (ACCOUNTANT) (26 Points)
Replied 07 October 2013

No, late payment of pf may added back to income

CA Mitesh N Kothari (9821662799) (391 Points)
Replied 07 October 2013

if is paid upto the date of filing return as per 139 (1) then it would be allowed.

C.SENTHIL KUMAR (CA-IPCC & CS-EP ) (83 Points)
Replied 07 October 2013

To avail deduction- a) Employer's contribution to PF should be made on or before due date for filing the return of income. b) Employee's contribution to PF should be made on or before due date under relevant Act.

Vishal Agarwal (Article) (25 Points)
Replied 07 October 2013

As per the high court in the case of cit vs.aimil ltd employees contribution to provident fund, esi is allowed even if paid after the due date of relevant act but before the filing of return u/s139(1).

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