Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Allowability of employer's contribution to funds for the welfare of employees in terms of section 43B(b) of the Income Tax Act

Allowability of employer s contribution to funds for the welfare of employees in terms of section 43B(b) of the Income Tax Act - Income Tax - 22/2015 - Dated:- 17-12-2015 - Circular No. 22/2015 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF RE .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

uctions are admissible only on payment basis. It is observed by the Board that some field officers disallow employer's contributions to provident fund or superannuation fund or gratuity fund or any other fund for the welfare of employees, by invo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ons Ltd, [2009] 185 TAXMAN 416 (SC), the Apex Court held that the amendments made in section 43B of the Act i.e, deletion of second proviso and amendment in the first proviso, being curative in nature are retrospectively applicable from 1.04.1988. It .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

welfare funds also. Therefore the deduction is allowable to the employer assessee if he deposits the contributions to welfare funds on or before the 'due date' of filing of return of income. 3. Accordingly, w.e.f. 1.4.1988, the settled posit .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nd or superannuation fund or gratuity fund or any other fund for the welfare of employees, on or before the 'due date' applicable in his case for furnishing the return of income under section 139(1) of the Act, no disallowance can be made und .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version