Whether pf dues is not deposited with in the time is allowed under section 43b???
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Pf not deposited in time is allowed under section 43b
Replies (7)
No, late payment of pf may added back to income
if is paid upto the date of filing return as per 139 (1) then it would be allowed.
To avail deduction-
a) Employer's contribution to PF should be made on or before due date for filing the return of income.
b) Employee's contribution to PF should be made on or before due date under relevant Act.
As per the high court in the case of cit vs.aimil ltd employees contribution to provident fund, esi is allowed even if paid after the due date of relevant act but before the filing of return u/s139(1).
Aggred with Vishal.Delhi High Court in case of CIT vs AIMIL(2011)
Thank you Mr.vishal, this proviso came to my knowledge because of you. just now i read that case law.I agree with you.
YES IT IS ALLOWED IF PAID BEFORE FILING U/S 139 (1)
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