Taxability of ESI not deposited
This query is : Resolved
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
29 July 2017
It's not income.
It's liability for company.
Can't show this IFOS. It's shown in Balance sheet....
30 July 2017
Then what about section 2(24) (10)
30 October 2021
Yes, it will be assessed under head IFOS.
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- TDS on land property purchase Form-141 related query
- ITR FILING ISSUE
- Trust case
- Gross Block of assets
- Purchase of property from NRI
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
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
