PF DEPOSITED LATER
This query is : Resolved
27 September 2008
If an organisation has Deducted Employees Contribution but not remitted before 15th April than it will noe be allowed for that year but my question is that will it be allowable next year if it has remitted in next year ...............
I WANT CONFIRM ANSWERS. PLZ NO GUESSING
I WANT CONFIRM ANSWERS. PLZ NO GUESSING
27 September 2008
only employer's contribution will be allowed in the year of payment thereafter u/s 43B.
CA Nitin Wadhwani
(Expert)
28 September 2008
According to Sec.36(1)(va) of the Indian Income Tax Act, 1961;
Employee's Contribution to any Fund will be treated as income of the person u/s 2(24)(x) if not paid within the due date of that particular statute.
However, there is a case law which states that contribution will not be added to income if it is paid " within due date of filing of return
Employee's Contribution to any Fund will be treated as income of the person u/s 2(24)(x) if not paid within the due date of that particular statute.
However, there is a case law which states that contribution will not be added to income if it is paid " within due date of filing of return
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