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Pf and esi

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(Querist)
10 September 2016 IS INTEREST PAID ON ESI AND PF LATE PAYMENT IS DISALLOWED UNDER INCOME TAX ACT, IF YES UNDER WHICH SECTION IT WILL DISALLOWED
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Vikky Vasvani

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Vikky Vasvani (Expert)
11 September 2016 Interest on Late Payment of PF & ESI .. allowed as Exp. however..any penalty on this payment is not allowed. and must be disallowed u\s 37 of Income Tax Act.. ...

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