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PAYMENT OF 12% SHARE OF PF PAYABLE BY THE EMPLOYEE

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(Querist)
23 August 2020 RESPECTED SIR,
12% SHARE OF THE EPF OF THE EMPLOYEE IS ALSO BEING PAID BY THE COMPANY. WHETHER SET-OFF OF THAT MUCH AMOUNT IS ALLOWABLE INTO PROFIT&LOSS ACCOUNT OR SHALL BE ADDED BACK WHILE MAKING COMPUTATION OF INCOME
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CA KARAN SINGH

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CA KARAN SINGH (Expert)
24 August 2020 It will be allowed as normal business expenditure.

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