Employees towards their contribution to welfare funds

Tax queries 102 views 1 replies

If sum received from employees towards their contribution to welfare funds is remitted before the relevant due dates, is it allowed as an expense u/s 36(1)(va) or section 57 of IFOS?

Replies (1)
Employees do not get any tax benefit of such fund. For Employers, it's just collection towards welfare fund.


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