Deductibility of Provident fund in P&L
This query is : Resolved
10 September 2009
As per sec.36 employees' contribution to Provident Fund is deductible in employer's P&L only if it is deposited to credit of employee on or before due date. As read with sec.43B it will be allowed only if paid during the year. But proviso to 43B says that if such amt. is paid before date of filing of return, then 43B shall not be applicable. What is then actually the limiting date for such payment, that will allow us to deduct such sum in P&L keeping in mind all the above provisions?
10 September 2009
Before submission of your return of income e.g. if you are submitting your return of income on 10th sept. then before 10th sept. you have to deposit it in EPF a/c.
10 September 2009
Before submission of your return of income e.g. if you are submitting your return of income on 10th sept. then before 10th sept. you have to deposit it in EPF a/c.
10 September 2009
Employees cont. has to be paid with in due date specified in PF Act.
But employers cont. can be paid before submitting return of income (sec 36 read with sec 43B)
But employers cont. can be paid before submitting return of income (sec 36 read with sec 43B)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
