LatestIncome Tax 1 July 2026
ITAT Holds on Deposits
The Income Tax Appellate Tribunal has ruled that delayed PF and ESI deposits can be disallowed during income tax return processing, based on a case heard by the Supreme Court of India, this decision may impact individuals and businesses who have made late payments, the ruling emphasizes the importance of timely deposit of PF and ESI to avoid disallowance during ITR processing
The Income Tax Appellate Tribunal has made a significant ruling regarding delayed PF and ESI deposits. *Key points to note:*
- Delayed PF and ESI deposits can be disallowed during income tax return processing.
- This decision is based on a case heard by the Supreme Court of India.
- The ruling may impact individuals and businesses who have made late payments,
- It emphasizes the importance of timely deposit of PF and ESI to avoid disallowance during ITR processing
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.