23 October 2008
According to Section 43 B if we pay Employer PF up to the IT return date we this is allowable in the same financial year. Is this provision is applicable on Employee PF also?
23 October 2008
When you deduct the employee share of PF from their salary it is considered as your income and when you deposit it with the department it is allowed to be debited in your income statement.
But the Act u/s 36(v) specifies that it should be deposited with the department within prescribed given time.
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