If PF contribution of EMPLOYEE for Assessment year 2008-2009 is paid after the due date & b'fore the due date of IT return filing (return of income). In this case it will be allowed & disallowed?
Mahesh Paryani
(Chartered Accountant)
(365 Points)
Replied 10 June 2008
as per the latest notification it is allowable expenditure
previous it was not allowed
manit kaur
(ca student)
(31 Points)
Replied 10 June 2008
mahesh can u tell me the notification because according to me employees contribution is covered under section 36(1)(va) and is not allowed as a deduction if not paid before the date prescribed under P F Act , it has no link with date of filing of return.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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