if the employer deduct profession tax from employees salary and he has not paid on or before filing his return of income whether reporting u/s sec 43b relating to this would be attracted?In case of Profession tax(enrollment) which is employers own liability, if debited in p&l then it is added back if the same is not paid.I only have doubts regarding P.T what employers deduct while paying salary to his employees.
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tax audit querry
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Employer has to deduct TDS if the salary of the whole year of his employee goes beyond the exemption limit. Provident Fund is also deducted from salary.
yes u will have to disallow u/s 43B
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