gratuity
This query is : Resolved
shaifali arora
(Querist)
24 June 2009
Hi, I want to know if a company which has not get done the actuarial valuation on 31.03.08 gets it done for current year and previous year together in current year i.e on 31-03-09, can it be allowed in P/l in 2008-09 of current year as well as of last year?
chetan soni
(Expert)
24 June 2009
Provision for gratuity is not allowed deduction in income tax act.
Manmohan ACA, CS
(Expert)
24 June 2009
u/s 40A(7)Provision for gratuity is not allowed deduction
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