https://www.taxtmi.com/acts?id=39332 The amendment inserts an explanation clarifying that the provision requiring employer contributions to employee welfare funds to be allowed only when actually paid shall not apply, and shall be deemed never to have applied, to sums received by the employer from employees that qualify as employee contributions; the existing proviso permitting deduction where payment is made by the return-filing due date with evidence remains, and the change operates for the relevant assessment year and subsequent years. en-us Mon, 01 Feb 2021 16:36:25 +0530 Mon, 01 Feb 2021 16:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39332 The amendment inserts an explanation clarifying that the provision requiring employer contributions to employee welfare funds to be allowed only when actually paid shall not apply, and shall be deemed never to have applied, to sums received by the employer from employees that qualify as employee contributions; the existing proviso permitting deduction where payment is made by the return-filing due date with evidence remains, and the change operates for the relevant assessment year and subsequent years. Act-Rules Bills Mon, 01 Feb 2021 16:36:25 +0530 https://www.taxtmi.com/acts?id=39332