TMI BlogDisallowance of Employees share of ESI/PF paid belatedly as per the due dates laid down in the law -...Disallowance of Employees share of ESI/PF paid belatedly as per the due dates laid down in the law - Whether the amendment to the provisions to section 43B and 36(1)(va) of the Act by the Finance Act, 2021, has to be construed as retrospective and applicable for the period prior to 01.04.2021 also. On this aspect, we find that the explanatory memorandum to the Finance Act, 2021 proposing amendment in section 36(1)(va) as well as section 43B is applicable only from 01.04.2021. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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