Case Law Details
Case Name : Pik Pen Pvt Ltd Vs. ITO (ITAT Mumbai)
Related Assessment Year : 2005- 06
Courts :
All ITAT ITAT Mumbai
The assessee paid the employees’ contribution to PF and ESIC after the grace period but before the due date for filing the return. The AO disallowed the payment u/s 36(1) (va) and held that s.43B had no application. This was confirmed by the CIT (A). On appeal, HELD deciding in favour of the assessee:
In Alom Extrusion Ltd 319 ITR 306 the Supreme Court held that the omission of the second proviso to s. 43B by the Finance Act 2003 operated retrospectively w.e.f. 1.4.1988. The Court held that the contribution payable by the employer to the P.F/Superannuation Fund or any other Fund of welfare o...
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due dates for the payments of EPF IS 20TH OF every month and for ESIC is 21st of every month (both includong grace days)
What are due dates for the payment of PF & ESIC <
How many days allowed as Grace period u/s 43B