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Tax audit

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(Querist)
18 September 2012 Dear sir,

Gratuity fund on the basis of acturial valuation method is maintained by a Ltd. company. Payment for Gratuity in this case is admissible u/s 40 A (7) or not.



Please reply
Thanks in advance
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
18 September 2012 Yes, Its Allowable.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 September 2012 If the Gratuity is detemined as per the acturial valuation then it will be allowed as deduction.
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