Provision for wage revision arrear
This query is : Resolved
13 December 2007
whether provision for wage revision arrear is allowed in the Income Tax or not. If it is allowed, please let me know the sections / case laws.
13 December 2007
This is allowed on the basis of mercantile system of accounting, provided there is documentary support for wage revision.
13 December 2007
is there any case law that wage revision provision is an allowable deduction and what sort of documentary support to be submitted.
14 December 2007
The documentary evidence is like settlement of wages with let us say, union.
In the case of others, the contract, or a documented general revision evidenced by payment (though subsequently)etc.
Where is the necessity for case law where it is allowable right royal?
In the case of others, the contract, or a documented general revision evidenced by payment (though subsequently)etc.
Where is the necessity for case law where it is allowable right royal?
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