Disallowance u/s 36
This query is : Resolved
31 August 2009
What are the consequences if statutory payments such as employees' contribution to PF and ESI are not remitted within the due dates of the relavant statute?
If the above mentioned contribution is disallowed for IT purpose, is there any way of proving the reason for delay in remittance, and can the same be disallowed subsequently?
If the above mentioned contribution is disallowed for IT purpose, is there any way of proving the reason for delay in remittance, and can the same be disallowed subsequently?
31 August 2009
Yes it is disallowed
31 August 2009
it is actually not disallowed but will be treated as income u/s 2(24)(x)in the hands of employer.
The same also needs to be reported under tax audit report.
The same also needs to be reported under tax audit report.
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