Amendment to Section 36(1)(Va) vide Finance Act, 2021 is Prospective

Nakoda Ispat Ltd. Vs DCIT (ITAT Raipur)

Admittedly and undisputedly, the employees’s contribution to ESI and PF which have been collected by the assessee from its employees have thus been deposited well before the due date of filing of return of income u/s 139(1) of the Act. Till this provision is enacted in as the due amounts on one pretext or the other were not being deposited by the assessees though substantial benefits had been obtained by them in the shape of the amount having been claimed as a deduction but the said

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