Section 43b
This query is : Resolved
Akhil George
(Querist)
26 September 2014
Is it possible to claim deduction under sec 43B in case of late payment of employer contribution towards PF ?
If so what are the conditions ?
If so what are the conditions ?
26 September 2014
Yes. From the assessment year 2004-05, belated remittance of employers’ contribution to the welfare funds of the employees is eligible for deduction u/s 43B. Please refer the amendments made in the Finance Acr,2003.
Message likes :
1 times
Akhil George
(Querist)
26 September 2014
But it says that the proof of payment should be attached with the income tax return and it is not possible to attach the same as per rule 12
Nikhil Kaushik
(Expert)
26 September 2014
no proof is now attached with return. Only where scrutiny assessment takes place, you shall have to provide the proof.
Message likes :
1 times
Akhil George
(Querist)
26 September 2014
Thank you all for the reply
Nikhil Kaushik
(Expert)
26 September 2014
you are welcome Akhil...
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
