Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]

By Taxscan Team - On October 13, 2022 2:31 pm - 2 mins read
Income Tax Deduction - Deposit - EPF - ESI - Supreme Court - taxscan

In a significant ruling, the Supreme Court held that income tax deduction under section 36(1)(va) and section 43B of the Income Tax Act, 1961shall not be available to the late deposit of contributions towards the Employees’ Provident Funds Scheme and the Employees’ State Insurance Act, 1948. The petitioner, M/s Checkmate Services Pvt Ltd, alongwithBerger Paints…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  â‚č2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader