PF and ESI as per Section 36(1)(va) of the Income Tax Act

Last updated: 05 September 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Hyderabad has ruled that delayed deposits of employee contributions to Provident Fund (PF) and Employees' State Insurance (ESI) are not to be disallowed if paid before the filing of the income tax return. This decision follows amendments introduced by the Finance Act 2021, which clarified that Section 43B of the Income Tax Act does not apply to such delayed payments of employee contributions.

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for the A.Y 2018-19 against the order, dated 26.04.2019 passed by the National Faceless Appeal Centre (NFAC), New Delhi in respect of the appeal filed by the assessee before the CIT (A) Tirupati.

Citation :
ITA No.292/Hyd/2021

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