income tax

Dear Linesh,

Refer Section 40A(9)

Disallowance in respect of contibutions to non-statuatory funds 

No deduction shall be allowed in respect of any sum paid towards setting up or formation of any fund,trust or socirty etc for any other purpose which is not approved or recognised.
Only sum contributed by an assessee as an employer, towards an approved gratuity/PF/Supperannuation fund shall be allowed as a deduction.