Esic and provident fund payment according to income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2013
AS PER SECTION 36(1)(II)IN WHICH TIME PF AND ESIC PAID TO GOVERMENT ACCOUNT ?????
IF ASSESSEE IS DEPOSITED BEYOND THE TIME LIMIT THAN ALLOWED OR NOT????????
IF ALLOWED THAN WHICH FINANCIAL YEAR...
PLEASE GIVE ME ANS WITH EXAMPLE.
IF ASSESSEE IS DEPOSITED BEYOND THE TIME LIMIT THAN ALLOWED OR NOT????????
IF ALLOWED THAN WHICH FINANCIAL YEAR...
PLEASE GIVE ME ANS WITH EXAMPLE.
23 February 2013
Hi
Due date is as per respective law.
If payment is deposited beyond due date date then exp. is disallowed to the extent of contribution of employee only & can not be claimed back as expenditure.
Employer contribution is allowed in the year of actual payment.
Thanks!!
Due date is as per respective law.
If payment is deposited beyond due date date then exp. is disallowed to the extent of contribution of employee only & can not be claimed back as expenditure.
Employer contribution is allowed in the year of actual payment.
Thanks!!
23 February 2013
Hi
refer article for example:
https://www.caclubindia.com/articles/understanding-section-36-deduction-with-latest-case-laws-12040.asp
Thanks!!
refer article for example:
https://www.caclubindia.com/articles/understanding-section-36-deduction-with-latest-case-laws-12040.asp
Thanks!!
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