I have disallowed provision for Gratuity towards unapproved fund under section 40A(7). Suppose next year the employee retires & actual payment is made to him, under which section the actual payment will be allowed?
Pranav Sharma (1 Points)
15 September 2023I have disallowed provision for Gratuity towards unapproved fund under section 40A(7). Suppose next year the employee retires & actual payment is made to him, under which section the actual payment will be allowed?
manthan shete
(37 Points)
Replied 15 September 2023
bauer mckay
(2 Points)
Replied 21 September 2023
Provision for payment of gratuity to employee is not allowed as deduction. It is noted that contribution for approved gratuity fund shall be allowed as per section 43B.
CAclubindia
