Treatment of pf & esi late payment

vaibhav (student) (220 Points)

28 February 2014  

What is the tax treatment for Employees contribution for PF has been deducted but not deposited till due date of fiing of return?. As section 2 (24) specifically says income includes any sum received by the assessee from his employees as contributions to any provident fund or superannuation fund or any fund set up under the provisions of the Employees' State Insurance Act, 1948".

So i want to know while computing taxable income under income from business how it should be presented?