CA Ramsai N (Fresher) 10 September 2013
The sum received from the employees by way of contribution to provident fund would be treated as income(u/s 2(24) in the hands of employer when it was received.
And the same will be allowed as deduction(U/s 36(1) if it is remitted with in due date.
My question is....how such receipt will be treated as income (since it is just taking and paying) and under which head it will be treated as income?
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