https://www.taxtmi.com/caselaws?id=456837 Employee PF/ESI contributions deducted from salaries are deemed income and, in a business context, are considered under the business head. Deduction is available only where the contributions are deposited within the due date prescribed by the relevant PF/ESI legislation, as required by section 36(1)(va). Deposits made after that statutory due date are not deductible, notwithstanding their treatment as business income. Strict compliance with the labour-law payment deadline governs the deduction, consistent with the Supreme Court's ruling in Checkmate Services Pvt. Ltd. en-us Mon, 05 Jun 2023 00:00:00 +0530 Tue, 20 Aug 2024 12:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456837 Employee PF/ESI contributions deducted from salaries are deemed income and, in a business context, are considered under the business head. Deduction is available only where the contributions are deposited within the due date prescribed by the relevant PF/ESI legislation, as required by section 36(1)(va). Deposits made after that statutory due date are not deductible, notwithstanding their treatment as business income. Strict compliance with the labour-law payment deadline governs the deduction, consistent with the Supreme Court's ruling in Checkmate Services Pvt. Ltd. Case-Laws Income Tax Mon, 05 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456837