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Income Tax - Highlights / Catch Notes

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Deduction u/s 43B / 36(1) - At least with respect to the ...

Income Tax

August 2, 2018

Deduction u/s 43B / 36(1) - At least with respect to the employee's contributions, which the employer deducts from the salary of the employees, if it is not remitted into the fund within the due date, the employer not only has defaulted the stipulation in the labour legislation but has received an income; albeit an illegal enrichment.

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