Employee’s contribution to EPF is covered by section 36(1)(va) r.w. s. 2(24)(x)

DCIT Vs. M/s. Bengal Chemicals & Pharmaceuticals Ltd. (ITAT Kolkata), ITA No. 1680/Kol/2010, Date- 7th January, 2011 Issue- Deletion of employees contribution to P.F. and E.S.I under section 43B taking it  to be employer’s contribution. ‘Due date’ as appearing in section 36(1)(va) read with Explanation specifies the due date as the date by which the assessee is required as an employer to credit an employee’s contribution under the employees a/c to the relevant fund. As regards the term “due date” as appearing in section 36(1)(va), the Explanation to section 36(1)(va) s...