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Taxability of ESI not deposited

This query is : Resolved 
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(Querist)
28 July 2017 There is a balance of 1500000 in ESI payable account of a company ,means collected but not deposited.Is this taxable under IFOS
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RAJA P M

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RAJA P M (Expert)
29 July 2017 It's not income. It's liability for company. Can't show this IFOS. It's shown in Balance sheet....
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Mahin Bathisha

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Mahin Bathisha (Querist)
30 July 2017 Then what about section 2(24) (10)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 October 2021 Yes, it will be assessed under head IFOS.
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