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.
02 January 2019
Such payment will not be allowed as expenses for tax calculation.
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