Supreme Court clarifies deductibility of employee contributions under Income Tax Act: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 (2022)

/ Income Tax Act, 1961, Income Tax Act, 1961 with Section 2(24)(x), Income Tax Act, 1961 with Section 36(1)(va), Income Tax Act, 1961 with Section 43B, Judges, S. Ravindra Bhat, Sudhanshu Dhulia, Uday Umesh Lalit

Supreme Court Clarifies Deductibility of Employee Contributions Under Income Tax Act LEGAL ISSUE: Interpretation of Section 36(1)(va) and Section 43B of the Income Tax Act, 1961 regarding the deductibility of employee contributions to provident funds and other welfare funds. CASE TYPE: Income Tax Case Name: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 Judgment […]

Supreme Court clarifies deductibility of employee contributions under Income Tax Act: Checkmate Services P. Ltd. vs. Commissioner of Income Tax-1 (2022) Read Post »