Pf contribution for fy 2011-12 in fy 2012-13
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2013
A private company Registered under PF Act, 1952 in June, 2012 and it paid PF for the period 01.06.2011 to 31.05.2012 on 18.06.2012. Is the PF paid by the company is allowable expenses for Income Tax purpose in AY 2013-14?
Thanks in advance.
Thanks in advance.
18 January 2013
the pf payment is the combination of two thing employee contribution & employer contribution. The delay in payment of employee contribution is allowed as expenses u/s43B in the AY 2013-14 (if the earlier year was disallowed).
The employer contribution is paid late is non allowable expenditure & added back to income u/s 2(24)(x) as income.
The employer contribution is paid late is non allowable expenditure & added back to income u/s 2(24)(x) as income.
Message likes :
1 times
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Can partnership firm show income under 44ad
- FEMA regulation Act. for inward remitance
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
