EPF

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23 November 2010 Is Belated payment of PF dues disallowed..?
plz give reasons

23 November 2010 No if payment made within due date of filing return it will be allowed.

http://www.taxmann.com/FileOpener.aspx?sUrl=http://www.taxmann.com/TaxmannFlashes/flashart9-2-10_6.htm&SearchID=2489

See above link for details and case laws.

23 November 2010 fully agree


23 November 2010 i require sum recent supreme court judgment on this..plz help.

23 November 2010 i require sum recent supreme court judgment on this..plz help

23 November 2010 The Karnataka High Court in Commissioner of Income-tax Vs. M. N. Chari (2009) 310ITR445 held that the belated payment of the employer` s contribution to provident fund beyond the stipulated period under the said Act, cannot be treated as the income of the assessee under section 36(1)(va) read with section 2(24)(x) of the Act in view of the amendment to section 43B of the Act as the amounts were paid by the assessee on or before the due date for furnishing the return under section 139(1) of the Act.

It is also given in the link given above.



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