PF contributions deposited late? Can the income tax department impose a penalty on your employer? ITAT clarifies
ITAT Ahmedabad has deleted a ₹4.42 lakh penalty imposed on Nascent Info Technologies for misreporting income after disallowance of ₹7.16 lakh in delayed employees' PF and ESI contributions. The tribunal said disallowance alone does not establish misreporting.
Full story
Read the full story at Mint (India) ↗
Continue reading this story on Mint (India), the publisher that reported it.
AI tools
Written by AI from the article text. It can make mistakes; check the original story.
