https://www.taxtmi.com/article/detailed?id=720 Section 43B's cash payment rule makes employer handled employee provident fund contributions deductible only in the year of actual payment, not merely by internal book entry crediting; if payments are not timely made so as to satisfy the cash payment requirement, employee contributions may be treated as the employer's income under the deeming provision. Amendments harmonising treatment of taxes and welfare contributions have been construed curatively to avoid anomalous results, so contributions paid before the return filing deadline qualify for deduction in the year of payment. en-us Tue, 16 Mar 2010 00:00:00 +0530 Tue, 16 Mar 2010 21:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=720 Section 43B's cash payment rule makes employer handled employee provident fund contributions deductible only in the year of actual payment, not merely by internal book entry crediting; if payments are not timely made so as to satisfy the cash payment requirement, employee contributions may be treated as the employer's income under the deeming provision. Amendments harmonising treatment of taxes and welfare contributions have been construed curatively to avoid anomalous results, so contributions paid before the return filing deadline qualify for deduction in the year of payment. Articles Income Tax Tue, 16 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=720