Reversal of provision for gratuity.
This query is : Resolved
20 August 2011
whether Reversal of provision for gratuity is liable to income tax,? Plz support your answer with the case law.
Regards
vaibhav
Regards
vaibhav
20 August 2011
When making actual payment of gratuity is allowable expenses under Income tax
22 August 2011
yaar ramesh i know that gratuity is allowed on payment but wht about the reversal of provision for gratuity.(and the same has been credited in P&L account) .
support your answer with case law
support your answer with case law
22 August 2011
One thing please clarify, when gratuity allowed only on payment not on provision, if you are reversing provision without paying what will income tax effect, since not allowed earlier (since provision ) then even you are reversing and credit back will not effect your book profit & Income tax computation
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