Deduction u/s 43B

Employer Contribution should be deposited 4 due date of filing return U/s 139(1) else will be dis allowed U/s 43B. Employee contribuion toPF/ESI should be remitted b4 PF/ESI Due Date else the amount is taxable U/s 36

Yes santosh is right,,,,,,,,,,

i think, you can claim deduction in the year you have actually made the payment, even though not for the year it us accrued. that is deduction under sec 43B is based on cash basis than accrual basis... i am not fully sure if it is correct, someone please confirm if i am right.

SANTHOSH IS 100% RIGHT.

DUE DATE FOR PF AND ESI PAYEMNT IS 15 DAY OF NEXT MONTH.

GRACE DAYS OF 3 DAYS CAN BE TAKEN IN CASE OF CHEQUE PAYMENT.

For claiming deduction u/s 43B payment has to be made within the due date of filing the returns.......If not made it'll be allowed in the year in which the payment is made irrespective of the nature of the expenditure:whether it is Contribution to PF, bonus,.......

Employer contribution will be allowed in the same A.Y. if deposited before the due date of filling the return u/s 139(1). If deposited later it will be allowed in the year of deposit.

Deduction u/s 43B is allowed on payment basis only.But employee contribution will be taxable in the hand of employer if not deposited before due date.employers contribution will be deducted u/s 43b when it will be paid.

If contribution is made towards unrecognised provident fund then the entire amount is taxable u/s 40A(9) irrespective of any payment date...