Gratuity trust
This query is : Resolved
02 January 2019
There is a gratuity trust which is pending for approval by commissioner but the employer has issued cheques by way of contribution and Interest is capitalised in particular bank account for that scheme . So my question is what are the consequences for the employer making contributions and interest capitalised in unapproved gratuity trust.
CA R SEETHARAMAN
(Expert)
02 January 2019
Such payment will not be allowed as expenses for tax calculation.
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