epf disallowed
This query is : Resolved
23 July 2008
plz tell me epf due date is it 20 or 15th of folowing month . it is same all over india .?
month epf paid
june 15000 on 22.07.2007
july 22000 on 08.10.2007
is it disallowed as per incme tax u/s 36 or 43B ? if us then both employees and employer contribution?
month epf paid
june 15000 on 22.07.2007
july 22000 on 08.10.2007
is it disallowed as per incme tax u/s 36 or 43B ? if us then both employees and employer contribution?
23 July 2008
i am thinking that it should be paid before the return filling ?
am i right?
am i right?
23 July 2008
Sec 36:
Employees contribution to PF would not be allowed if payment made after due date.
Sec 43(B):
Employers contribution to PF would be allowed as deduction if paid before due date of filing of IT Return and if it is paid subsequentely then it would be allowed in the year in which payment is made.
Employees contribution to PF would not be allowed if payment made after due date.
Sec 43(B):
Employers contribution to PF would be allowed as deduction if paid before due date of filing of IT Return and if it is paid subsequentely then it would be allowed in the year in which payment is made.
23 July 2008
Yes Prakash is absolutely right. The employer contribution can be paid before the due date of filing the return to avoid disallowance or can be allowed in the year in which it will be paid. But the Employee contribution must have to be deposited with the department on or before due date otherwise the same will be disallowed
24 July 2008
query not solve full plz read my question claear and then tell me by giving a exanple or calculation?
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
