No Income Tax Deduction on Delayed Payment of Employees Contribution to PF & ESIC After Prescribed Due Date: ITAT [Read Order]

Income-Tax-Deduction - Delayed-Payment - Employees-Contribution - PF-ESIC - Due-Date-ITAT - TAXSCAN

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), held that delayed payment of Employees Contribution to PF (Provident Fund) and ESIC (Employees’ State Insurance Corporation)  after the due date prescribed under the relevant Acts even if paid before filing of the return of income was not an allowable deduction, hence upheld the disallowance by…

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