Verification Needed for Late PF/ESI Payments: Deduction Allowed if Deposited Before Income Tax Return Due Date u/s 139(1).

Verification Needed for Late PF/ESI Payments: Deduction Allowed if Deposited Before Income Tax Return Due Date u/s 139(1). https://www.taxtmi.com/highlights?id=63946 Disallowance of late payment of employees contribution to PF/ESI - If the amount is deposited before the due date of filing of return of income u/s 139(1) of the 1961 Act, then the assessee shall be entitled for deduction u/s 36(1)(va) of the 1961 Act. However, whether this amount towards employees share of PF/ESI was actually deposited before the due date for filing of return u/s 139(1) or not is a matter of verification. - The matter restored back for limited purpose of verification - AT en-us Wed, 08 Jun 2022 09:45:40 +0530 Wed, 08 Jun 2022 09:45:40 +0530 TaxTMI RSS Generator Verification Needed for Late PF/ESI Payments: Deduction Allowed if Deposited Before Income Tax Return Due Date u/s 139(1). https://www.taxtmi.com/highlights?id=63946 Disallowance of late payment of employees contribution to PF/ESI - If the amount is deposited before the due date of filing of return of income u/s 139(1) of the 1961 Act, then the assessee shall be entitled for deduction u/s 36(1)(va) of the 1961 Act. However, whether this amount towards employees share of PF/ESI was actually deposited before the due date for filing of return u/s 139(1) or not is a matter of verification. - The matter restored back for limited purpose of verification - AT Highlights Income Tax Wed, 08 Jun 2022 09:45:40 +0530 https://www.taxtmi.com/highlights?id=63946