https://www.taxtmi.com/caselaws?id=419435 Employees' provident fund and employees' state insurance contributions deposited after the welfare-law due date but before filing the income-tax return were treated as deductible for the relevant assessment year. Employee contributions are included in income on receipt, while the deduction claim was considered under the provisions governing employee contributions and payment-based deductions. Jurisdictional precedent applied the payment-based deduction rule where payment occurred before the return-filing due date. The Finance Act 2021 amendment applied from assessment year 2021-22 and did not govern the year concerned, resulting in deletion of the disallowance. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 08:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419435 Employees' provident fund and employees' state insurance contributions deposited after the welfare-law due date but before filing the income-tax return were treated as deductible for the relevant assessment year. Employee contributions are included in income on receipt, while the deduction claim was considered under the provisions governing employee contributions and payment-based deductions. Jurisdictional precedent applied the payment-based deduction rule where payment occurred before the return-filing due date. The Finance Act 2021 amendment applied from assessment year 2021-22 and did not govern the year concerned, resulting in deletion of the disallowance. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419435