what are procesures for provision of gratuity whether is it

This query is : Resolved

Share Report Follow Query Ask a Query

Y viswanath

Y viswanath (Querist)
Follow

24 September 2008 what are procesures for provison of gratuity whether is it allowable or not

Ravikumar.G

Ravikumar.G (Expert)
Follow

24 September 2008 Any provision for gratuity in the books of accounts shall not be allowed as a deduction unless :-
1. the provision is made for any contribution towards an approved gratuiry fund or,
2. the provision is for gratuity, which has become due and payable during the PY.

Ravikumar.G

Ravikumar.G (Expert)
Follow

24 September 2008 As per Sec 43 B any sum payable by an employer by way of contribution to PF, Superannuation fund or other fund for the welfare of employees,allowable only if the payment made either during the relevant PY or on or before the due date of filing of return u/s 139(1).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Asawa

Chnmaya parhi

JACOB ABRAHAM KURIALANICKAL

Somnath Maiti

Joyashish Maitra

Subscribe Now

what are procesures for provision of gratuity whether is it

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA