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43 b (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
10 July 2012

 I have wanted to ask an Query-

Situation 1- Company is making contribution for Gratuity to Lic

Situation 2- Company is making provision for leave encashment i.e it is debiting it in its P & L & crediting its employees a/c

are both the situation disallowed u/s 43B?


Siddhartha Bhardwaj

( Expert )
11 July 2012

 1. gratuity contribution is allowed.

2. provision for Leave encashment shall be disallowed.



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