Section 43b
This query is : Resolved
26 September 2014
Is it possible to claim deduction under sec 43B in case of late payment of employer contribution towards PF ?
If so what are the conditions ?
If so what are the conditions ?
26 September 2014
Yes. From the assessment year 2004-05, belated remittance of employers’ contribution to the welfare funds of the employees is eligible for deduction u/s 43B. Please refer the amendments made in the Finance Acr,2003.
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26 September 2014
But it says that the proof of payment should be attached with the income tax return and it is not possible to attach the same as per rule 12
26 September 2014
no proof is now attached with return. Only where scrutiny assessment takes place, you shall have to provide the proof.
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26 September 2014
Thank you all for the reply
26 September 2014
you are welcome Akhil...
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