epf disallowed
This query is : Resolved
23 July 2008
plz tell me epf due date is it 20 or 15th of folowing month . it is same all over india .?
month epf paid
june 15000 on 22.07.2007
july 22000 on 08.10.2007
is it disallowed as per incme tax u/s 36 or 43B ? if us then both employees and employer contribution?
month epf paid
june 15000 on 22.07.2007
july 22000 on 08.10.2007
is it disallowed as per incme tax u/s 36 or 43B ? if us then both employees and employer contribution?
23 July 2008
i am thinking that it should be paid before the return filling ?
am i right?
am i right?
23 July 2008
Sec 36:
Employees contribution to PF would not be allowed if payment made after due date.
Sec 43(B):
Employers contribution to PF would be allowed as deduction if paid before due date of filing of IT Return and if it is paid subsequentely then it would be allowed in the year in which payment is made.
Employees contribution to PF would not be allowed if payment made after due date.
Sec 43(B):
Employers contribution to PF would be allowed as deduction if paid before due date of filing of IT Return and if it is paid subsequentely then it would be allowed in the year in which payment is made.
23 July 2008
Yes Prakash is absolutely right. The employer contribution can be paid before the due date of filing the return to avoid disallowance or can be allowed in the year in which it will be paid. But the Employee contribution must have to be deposited with the department on or before due date otherwise the same will be disallowed
24 July 2008
query not solve full plz read my question claear and then tell me by giving a exanple or calculation?
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
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- Residential status for filling income tax returns in India
- Payable outstanding for years disallowance
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
