The CBDT has clarified that No disallowance can be made u/s 43B of the I.T. Act if assessee deposits any sum payable by it by way of tax, duty, cess or fee by whatever name called under any law for the time being in force, or any sum payable by the assessee as an employer by way of contribution to any provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees, on or before the ‘due date’ applicable in his case for furnishing the return of income under section 139(1) of the Act.
Circular No. 22/2015 dated 17-12-2015 [ F. No. 279/Misc./140/2015-ITJ ]
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