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Deduction of earn leave of employees of a company

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2013 please let me know whether a mere provision for earn leave of salaried employees as at 31st march is deductible from profits of a company. It is not maintaining any group scheme in respect of earn leave for its employees at present
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 August 2013 yes. you can make provision according to AS-15.But under income tax only paid amount will be deductible
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