06/02/2019
PROVIDENT FUND PAYMENT WITHOUT TAX DEDUCTION AT SOURCE [SEC 40(a)(iv)] :-
Any payment to provident fund (or other fund established for the benefit of employees of the assessee) is not deductible if the assessee has not made effective arrangements to secure that tax shall be deducted at source from any payments made from the fund which are chargeable to tax under the head “Salaries”.
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