PF contribution - tax vs. stat. audit

Bhavesh Jain (Student) (208 Points)

20 September 2011  

Hello friends,

I have a doubt regarding PF contribution. I ll give u one example pls let me know the correct answer.

I have gone for audit of a pvt. co. over there Employer deducted 1000rs from employee and employer contributed 1000rs.  for pf contribution for the month of october(due date - 15th Nov.) but he actually deposited that amt. on 15th december. And will that contribution of 2000Rs. be allowed as deduction.?

how will you treat it in TAx & Stat. audit.?

Hope you understood what I am asking.

Thank You for reading and pls reply. :)