. 2(24)(x) r.w.s 36(1)(va) & 43B: Even employees'
contribution to PF etc is allowable if deposited before due date of filing ROI
Section 43B made it mandatory for the department to grant
deduction in computing the income under section 28 in the year in which tax,
duty, cess, etc. is actually paid. However, Parliament took cognizance of the
fact that the accounting year of a company did not always tally with the due dates
under certain statutes […]
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