ESI & PF

Dear all

Please confirm me, Employees contribution to ESI & PF deducted from salary but not yet deposited by the employer before the due date of the respective act is disallowed U/s36(1)va.

What is the duty of the auditor at the time of  preparation of  Computation of Income,

• Whether it will be add with the Net profit to find out the taxable income?
• only give a disclosure on the Tax Audit report and the allowed/ disallowed depends upon the Income Tax officer.

Please reply soon

Regards

TRILOCHAN