Held that employees’ contribution paid before due date of filing of return, was entitled to deduction. Amendment in section 36(1)(va) as well as section 43B vide Finance Act, 2021 whereby it has been provided that due date in section 43B is of no consequence to judge applicability of provisions of section 36(1)(va) is prospective and will take effect from 1-4-2021. (AY. 2018-19)
Environs Management (Bangalore) (P.) Ltd. v. ITO (2022) 194 ITD 67 (Bang.)(Trib.)
S. 43B : Deductions on actual payment-Employees’ contribution of PF and ESI before due date of filing return-Entitled to deduction. [S. 36(1)(va), 139(1)]