Esic and epf and tds
This query is : Resolved
27 December 2024
Dear Sir,
Kindly Discuss all things about the ESIC and epf and Tds if any taxpayer delayed the payment of ESIC, EPF, TDS as well as delayed filling the return of ESIC, EPF, TDS then what impact on the income tax in case of individual, Partnership firm, Company, LLP
Kindly Discuss all things about the ESIC and epf and Tds if any taxpayer delayed the payment of ESIC, EPF, TDS as well as delayed filling the return of ESIC, EPF, TDS then what impact on the income tax in case of individual, Partnership firm, Company, LLP
28 December 2024
In case of tax audit cases such expenses of EPF and ESI will be disallowed under income tax computations.
30% of expenses will be disallowed for non deduction of TDS.
30% of expenses will be disallowed for non deduction of TDS.
28 December 2024
Sir
Pls let me know about esic and epf disallowed as per the mew advisory if any taxpayer under fall the category of tax audit then what impact or consequences impact on the income tax and tax audit and if taxpayer delayed and failure of deposited the payment and return of esic and epf
Pls let me know about esic and epf disallowed as per the mew advisory if any taxpayer under fall the category of tax audit then what impact or consequences impact on the income tax and tax audit and if taxpayer delayed and failure of deposited the payment and return of esic and epf
29 December 2024
The entire contribution PF and ESI by the employer claimed as expenses in the profit and loss account will be disallowed.
29 December 2024
The delayed deposit of employees' share of contributions towards ESIC and EPF by the assessee beyond the due dates prescribed under the respective Acts would constitute income of the assessee by virtue of Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act. The Apex Court in Checkmate Services Pvt. Ltd.
29 December 2024
Thanks for sharing the information
29 December 2024
You are welcome...
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