We are a private Limited company and making a provision for gratuity. Whether can we make the expenses and liability for the gratuity provision.
Is it correct method what we are using.
Kindly advise.
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Gratuity Provision
Replies (2)
you can provide so..., but the same will be disallowed for Computation of Taxable Income... However, in the year of Actual Paymment, the same will allowed....
graduity is deductible from income on actual payment basis, not on provision
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