Web27 Jul 2013 · Section 2 (24) (x) deeming contributions of employees as income appears to be ultravirse the Constitution of India (COI) and purposes of the Income-Tax Act (ITA). … Web25 Feb 2024 · As per Section 2 (24) (x), any amount received by the employer as employee’s contribution toward EPF and ESIC shall be considered as income in hands of employer. Under existing provisions, as per Section 36, deduction is admissible for such Employee’s contribution if amount is deposited by employer to the relevant fund on or before the due …
Changes in Provident Fund – BUDGET 2024 - FinancePost
Web12 Feb 2024 · Provident Fund is a retirement benefits scheme. Under this scheme, an employee contributes a certain amount towards the fund and usually, the employer also contributes the same amount to the employee provident fund. Interest is earned by the employee on such contributions. Web3 Mar 2024 · Referring Section 2(24)(x) it said, income is defined under Section 2(24) which includes profits and gains. Further in clause (x) of Section 2(24) any sum received by Assessee from employees as ‘contributions’ to any provident fund/superannuation fund or any fund set up under Act 1948, or any other fund for welfare of such employees ... delaware township delaware county ohio
Indian Kanoon - Search engine for Indian Law
Web17 Mar 2024 · 9. The Ld. AO was of the opinion that clause (va) of Sec. 36(1) provides for deduction of any sum received by the assessee from any of his employees to which the provisions of section 2(24)(x) apply, if such sum is credited by the assessee to the employees account in the relevant fund or funds on or before the due date. Web15 Oct 2024 · It enacts that “any sum received by the assessee from any of his employees to which the provisions of section 2 (24) (x) apply if such sum is credited by the assessee to the employee’s account in the relevant fund or funds on or before the due date.” WebUnder section 2, you can be kept in hospital for up to 28 days. This section gives doctors time to: assess what type of mental disorder you have, decide if you need any treatment, … fenwick ladies coats