PAYMENT OF 12% SHARE OF PF PAYABLE BY THE EMPLOYEE
This query is : Resolved
23 August 2020
RESPECTED SIR,
12% SHARE OF THE EPF OF THE EMPLOYEE IS ALSO BEING PAID BY THE COMPANY. WHETHER SET-OFF OF THAT MUCH AMOUNT IS ALLOWABLE INTO PROFIT&LOSS ACCOUNT OR SHALL BE ADDED BACK WHILE MAKING COMPUTATION OF INCOME
12% SHARE OF THE EPF OF THE EMPLOYEE IS ALSO BEING PAID BY THE COMPANY. WHETHER SET-OFF OF THAT MUCH AMOUNT IS ALLOWABLE INTO PROFIT&LOSS ACCOUNT OR SHALL BE ADDED BACK WHILE MAKING COMPUTATION OF INCOME
24 August 2020
It will be allowed as normal business expenditure.
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