Menu
Gratuity allowed on paid or provision
please clarify gratuity allowed under income tax act on paid or provision basis?
Replies (1)
Contribution made to an approved fund is an allowable deduction. In other cases, deduction can be claimed when the gratuity is payable/paid (not provisioned) during the year (subject to 43B).
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
