Section 43b
Querist : Anonymous
Is there any amendment regarding allowability of employers contribution in gratuity which is allowable on actual payment basis u/s 43B.
As client is arguing that now gratuity has been deleted from this section.
Is it so.....?
.
It is still there in Section 43B and not amended.
.
Querist : Anonymous
Actually he is saying that now in tax audit report we will not include gratuity u/s 43b as separate section 40A(7) is there for gratuity.
And in the calculation of Deferred Tax too we separately show gratuity expenses from the expenses of Section 43B.
.
Also, check whether the amount provided towards approved gratuity funds has been paid on or before the due date.
.
Querist : Anonymous
and half amount has been paid before 30th September, so i argue to disallow the remaining amount u/s 43B.
As the affect he is satisfied with the disallowance of remaining unpaid amount but not under section 43b but in section 40A(7).
Is he right?
.
Advise him accordingly.
.
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