Employee contribution credits must be made on time for the income-tax allowance under the amended provision. Section 29 is amended to replace clause (e) in sub-section (1). The substituted clause addresses the amount of employee contribution covered by section 2(49)(o) and provides that the amount is taken into account only if the assessee credits it to the employee's account in the relevant fund or funds on or before the due date for filing the return of income under section 263(1) for the tax year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Employee contribution credits must be made on time for the income-tax allowance under the amended provision.
Section 29 is amended to replace clause (e) in sub-section (1). The substituted clause addresses the amount of employee contribution covered by section 2(49)(o) and provides that the amount is taken into account only if the assessee credits it to the employee's account in the relevant fund or funds on or before the due date for filing the return of income under section 263(1) for the tax year.
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