https://www.taxtmi.com/article/detailed?id=13250 Whether payment or levy of mandatory statutory interest on delayed provident fund contributions extends the due date for claiming the deduction for employee contributions is considered. The article argues that because PF law mandates interest for delay and the income tax definition of due date covers obligations arising under any law or "otherwise," payment or charging of interest operates to condone delay and effectively extends the due date, permitting belated deposits to qualify for deduction when interest is paid or chargeable. en-us Thu, 26 Dec 2024 11:11:23 +0530 Thu, 26 Dec 2024 11:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13250 Whether payment or levy of mandatory statutory interest on delayed provident fund contributions extends the due date for claiming the deduction for employee contributions is considered. The article argues that because PF law mandates interest for delay and the income tax definition of due date covers obligations arising under any law or "otherwise," payment or charging of interest operates to condone delay and effectively extends the due date, permitting belated deposits to qualify for deduction when interest is paid or chargeable. Articles Income Tax Thu, 26 Dec 2024 11:11:23 +0530 https://www.taxtmi.com/article/detailed?id=13250