SET-OFF OF THE EMPLOYEES BENEFIT

This query is : Resolved

TARIQUE RIZVI (Querist)
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24 August 2020 RESPECTED SIRS,

EMPLOYER IS PAYING SHARE OF EMPLOYEES ALSO ON ACCOUNT OF EPF, ESIC AND PROFESSIONAL TAX. IN OTHER WORDS EMPLOYEES ARE NOT GETTING DEDUCTED FROM THEIR SALARY AND THAT MUCH PORTION TOO EMPLOYER IS PAYING. CAN WE CLAIM THE SET-OFF OF THE SHARE OF EMPLOYEES PAID BY THE EMPLOYER INTO PROFIT & LOSS ACCOUNT.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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31 August 2020 Yes....definitely possible to claim the same as business expenses.

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SET-OFF OF THE EMPLOYEES BENEFIT

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