25 September 2012
In case a company has created an approved gratuity for the first time, will provisions made in earlier years be allowable as a deduction? Example: Provision for gratuity in 2011-12: Rs. 1lakh Date of formation & approval for fund: March 31, 2013
Will 1 lakh be allowed as deduction in 2012 - 2013?
CAclubindia
