Held that the due date for payment of the amounts payable towards the provident fund and the employees’ State insurance, fell due on a National holiday, i.e., August 15, 2018 and the assessee made the deposit on the following date, i.e., August 16, 2018. Entitle to deduction.
Aero Club v. ACIT [2023] 156 taxmann.com 74 / (2025) 474 ITR 320 (Delhi)(HC)
S. 36(1)(iv) : Contribution towards a recognized provident fund-Business expenditure-Payments made on next day since due date fell on National holiday-Deductible.[37(1), 260A]