Dear all
Please confirm me, Employees contribution to ESI & PF deducted from salary but not yet deposited by the employer before the due date of the respective act is disallowed U/s36(1)va.
What is the duty of the auditor at the time of preparation of Computation of Income,
- Whether it will be add with the Net profit to find out the taxable income?
- only give a disclosure on the Tax Audit report and the allowed/ disallowed depends upon the Income Tax officer.
Please reply soon
Regards
TRILOCHAN
CAclubindia
