TMI BlogDisallowance u/s 36(1)(va) - delayed payment of ESI/EPF - if the employees‟ contribution is not...Disallowance u/s 36(1)(va) - delayed payment of ESI/EPF - if the employees‟ contribution is not deposited by the due date prescribed under the relevant Acts and is deposited late, the employer not only pays interest on delayed payment but can incur penalties also, for which specific provisions are made in the Provident Fund Act as well as the ESI Act. Therefore, the Act permits the employer to make the deposit with some delays, subject to the aforesaid consequences. Insofar as the Income T..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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