Section 37(1): ESIC and EPF Liabilities for Sub-Contractors' Employees Allowable as Business Expenses for Corporate Governance.

Section 37(1): ESIC and EPF Liabilities for Sub-Contractors' Employees Allowable as Business Expenses for Corporate Governance. https://www.taxtmi.com/highlights?id=47785 Disallowance of ESIC and EPF u/s 37(1) - assessee was not under obligation to discharge the liability under EPF and ESIC in respect of employees of sub-contractors - the assessee as part of good corporate governance complied with the provisions of beneficial legislature qua the contract labourers who were working for the assessee - wholly and exclusively for the purpose of business - duly allowable en-us Mon, 08 Jul 2019 07:53:25 +0530 Mon, 08 Jul 2019 07:53:25 +0530 TaxTMI RSS Generator Section 37(1): ESIC and EPF Liabilities for Sub-Contractors' Employees Allowable as Business Expenses for Corporate Governance. https://www.taxtmi.com/highlights?id=47785 Disallowance of ESIC and EPF u/s 37(1) - assessee was not under obligation to discharge the liability under EPF and ESIC in respect of employees of sub-contractors - the assessee as part of good corporate governance complied with the provisions of beneficial legislature qua the contract labourers who were working for the assessee - wholly and exclusively for the purpose of business - duly allowable Highlights Income Tax Mon, 08 Jul 2019 07:53:25 +0530 https://www.taxtmi.com/highlights?id=47785