Allowability of leave encashment paid to employee
This query is : Resolved
30 December 2021
Hi experts
If leave encashment in current FY is paid by a company out of Provision created in the previous financial year, then will the payment of leave encashment to the employee be allowed or disallowed under Income Tax Act in the hands of the company
If leave encashment in current FY is paid by a company out of Provision created in the previous financial year, then will the payment of leave encashment to the employee be allowed or disallowed under Income Tax Act in the hands of the company
30 December 2021
It will be allowed in the hands of the company in the year of payment.
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