If employers deposits employee’s PF before due date specified in section 43B, employer is eligible for deduction- HC

CA, CS Pawan Sehrawat If employers deposits employee’s Provident fund contribution before due date as referred to in section 43B, employer is eligible for benefit under said section-High Court-Karnataka. Before sharing courts judgement, let’s go through the income tax provisions. Business income includes (as per section 2(24)(x)) any sum received by the assessee from his employees as contributions to any provident fund or superannuation fund or any fund set up under the provisions of the Employees’ State Insurance Act, 1948 (34 of 1948), or any other fund for the welfare of such empl...