Disallowance for late payment of employees contribution to ESI ...

Late Payment of ESI/EPF Contributions Leads to Taxable Income Additions u/s 36(1)(iv) Due to Delays.

March 22, 2021

Case Laws Income Tax AT

Disallowance for late payment of employees contribution to ESI and PF - The respective enactment has although provided deterrent to the employer in the form of interest and penalty after late payment, however the employee will be still deprived of the interest if the contribution is paid after the due date of deposit. In view of provision of section 36(1)(iv) Act, the employer is discouraged to make deposit of employees contribution to ESI/EPF after the due date prescribed in respective enactment. - Additions confirmed - AT

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Disallowance for late payment of employees contribution to ESI ...

Late Payment of ESI/EPF Contributions Leads to Taxable Income Additions u/s 36(1)(iv) Due to Delays.

March 22, 2021

Case Laws Income Tax AT

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