Deduction for PF and ESI contribution cannot be disallowed if paid before due date of filing return

Brief of the Case: In the cited case, ITAT held that (i) International recruitment service operations conducted from STPI, Noida are held to be eligible for benefit of deduction u/s 10A. (ii) The deduction of payment of employees’ contribution towards provident fund and ESI cannot be disallowed under section 43B, if paid before the due date of filing the Income Tax return.

Facts of the Case: The assessee was engaged in the business of development and maintenance of Computer Software and IT e

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