How will I be able to show gratuity in itr -5, as the opening balance was 70 lac now the closing balance is 65 lac so I have passed a reverse entry of 5 lac i.e. in credit side of P&L. So now how will I show 5 lac in the ITR as it is increasing my profit by 5 lac.
23 October 2019
But it will increase income by 5 lac rupees which has already been disallowed in the previous year so now it will be included in the income which increases the income tax that is the problem.
CAclubindia
