Deduction for delayed cost of worker’s contribution on PF and ESI earlier than submitting of ROI admissible: ITAT

By rashila basheer , Nov 24, 2022 at 1:08 pm The Mumbai bench of the Earnings Tax Appellate Tribunal (ITAT) has held that deduction is allowable for delayed cost of worker’s contribution to Provident Fund (PF) and ESI earlier than submitting of Earnings Tax Return (ROI). Gulermak-TPL Pune Metro Joint Enterprise, the assessee challenged the … Read more

Contribution to EPF and ESI fund is admissible, if paid earlier than the due date of submitting earnings tax return: ITAT

By Gayatri CH , November seventh, 2022 at 9:42 pm The Revenue Tax Appellate Tribunal (ITAT), Delhi Bench, in an attraction filed earlier than it just lately, has held that contribution to EPF and ESI funds is admissible, if paid earlier than the due date of submitting earnings tax return. The aforesaid commentary was made … Read more

Exemption admissible underneath part 80P, if delay in submitting earnings tax return is condoned by competent authority: ITAT

By Yogita S. Yogesho , 23 September 2022 at 6:27 pm The Earnings Tax Appellate Tribunal (ITAT) Bengaluru Bench dominated that exemption underneath part 80P of the Earnings Tax Act, 1961 is admissible if waived by the competent authority. The assessee, Amasebel Enterprise Companies Co-operative Federation Ltd., argued that they’re entitled to deduction underneath part … Read more

Deduction admissible underneath part 54F on buy of property outdoors India: ITAT

By TaxScan Crew , September 16, 2022 at 1:08 pm The Revenue Tax Appellate Tribunal (ITAT), Bangalore Bench has held that deduction underneath part 54F is admissible on buy of property outdoors India. Throughout the valuation proceedings of the appellants Shri Rahil Mahesh Kumar, Shri Nizamuddin CA, Shri KY Ningoji Rao and Shri Venkatsulu, Chartered … Read more