Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]

Income Tax Deduction - Deposit - EPF - ESI - Supreme Court - taxscan

In a significant ruling, the Supreme Court held that income tax deduction under section 36(1)(va) and section 43B of the Income Tax Act, 1961shall not be available to the late deposit of contributions towards the Employees’ Provident Funds Scheme and the Employees’ State Insurance Act, 1948. The petitioner, M/s Checkmate Services Pvt Ltd, alongwithBerger Paints…

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