Dear all
If an organisation has Deducted Employees Contribution but not remitted before 15th April 2008 . When will it be allowed as deduction ? During Assessment Year 2008-09 or 2009-10 or It will not be allowed as deduction and added to Income of the assessee.
Relavant sections are :
2(24)(x) Definition of Income / 36(1)(va) Other deductions / 43B Deduction on payment basis.
than it will noe be allowed for that year but my question is that will it be allowable next year if it has remitted in next year ............ ...
CAclubindia
