Tag Archives: Provident Fund

EPF & ESIC of Employees contribution allowable if paid within relevant due date

By | March 2, 2020

 PCIT Vs Orchid Pharma Ltd. (Madras High Court)  Tax Case Appeal Nos. 430 & 421 of 2019  : 08/07/2019 Related Assessment Year : 2013-14 and 2014-15 FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT We have heard Mrs.R.Hemalatha, learned Senior Standing Counsel appearing on behalf of Mr.T.R.Senthilkumar, learned Senior Standing Counsel for the appellant –… Read More »

Income Tax Business Application -Gratuity, Superannuation and PF Approval

By | October 29, 2016

F.No. System/ITBA/Instruction/Administrative/178/2016-17/ Dated: 24/10/2016 To All Principal Chief Commissioners of Income-tax/ CCsIT (By Name) All Principal Commissioner of Income-tax/CsIT/CsIT(CO) (By Name) Subject: Launch of Income Tax Business Application (ITBA) – Administration Functions Module Phase-2 (Gratuity, Superannuation and Provident Fund Approval) – Reg. Sir/Madam, This is in reference to the subject mentioned above. The functionality for… Read More »

Govt clarify Tax Treatment for Provident Fund & National Pension System

By | March 1, 2016

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i)… Read More »