Court Rules No Tax Deduction for Late Employee Fund Contributions u/s 36(1)(va) & 2(24)(x) of Income Tax Act.

Court Rules No Tax Deduction for Late Employee Fund Contributions u/s 36(1)(va) & 2(24)(x) of Income Tax Act. https://www.taxtmi.com/highlights?id=24707 Disallowance under Sec.36(1)(va) r/w Sec.2(24)(x) - assessee shall not be entitled to deduction of such amount in computing the income referred to in section 28 if such sum is not credited by the assessee to the employees' account in the relevant fund or funds on or before the due date as per explanation to section 36(1)(va) of the Act - HC en-us Sat, 12 Sep 2015 10:55:13 +0530 Sat, 12 Sep 2015 10:55:13 +0530 TaxTMI RSS Generator Court Rules No Tax Deduction for Late Employee Fund Contributions u/s 36(1)(va) & 2(24)(x) of Income Tax Act. https://www.taxtmi.com/highlights?id=24707 Disallowance under Sec.36(1)(va) r/w Sec.2(24)(x) - assessee shall not be entitled to deduction of such amount in computing the income referred to in section 28 if such sum is not credited by the assessee to the employees' account in the relevant fund or funds on or before the due date as per explanation to section 36(1)(va) of the Act - HC Highlights Income Tax Sat, 12 Sep 2015 10:55:13 +0530 https://www.taxtmi.com/highlights?id=24707