Disallowance of employee contribution to pf and esi
This query is : Resolved
09 September 2011
Dear Sir,
Our client has made delayed payment in the employees contribution to the ESI and PF in the month of May and August 2010.
should we disallow this expenditure in the income tax computation as per MAT??
For your information delayed payment is made before filing return.
Please reply
Thanks and Regards
G. T. Ramakrishna
Our client has made delayed payment in the employees contribution to the ESI and PF in the month of May and August 2010.
should we disallow this expenditure in the income tax computation as per MAT??
For your information delayed payment is made before filing return.
Please reply
Thanks and Regards
G. T. Ramakrishna
09 September 2011
No it will be not disallowed in the computation of MAT.
09 September 2011
can you refer me the section under which it is allowed?
20 September 2011
Computation of MAT is done as per Explanation 1 to Section 115JB.
Only, the items mentioned in the said explanation are to be added back.
Accordingly, contribution to PF & ESIC will not be disallowed.
Anyway, if the payments have been made before the due date of filing of return, Section 43B is not attracted. So no disallowance even in normal case.
Only, the items mentioned in the said explanation are to be added back.
Accordingly, contribution to PF & ESIC will not be disallowed.
Anyway, if the payments have been made before the due date of filing of return, Section 43B is not attracted. So no disallowance even in normal case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Condonation . E-Verification of last year return .
- Rental income gst and it purpose
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
