Provision made for payment of gratuity to an unapproved gratuity fund is disallowed
will it be allowed under sec u/s 37(1)
Plz respond to my query
Provision for gratuity fund
Replies (3)
Provision for gratuity is not allowed as deduction it is allowe only when you are actually paid
Agreeing.
gratuity is allowed on actual payment basis.
provision of gratuity is not allowed.
Provision for gratuity is disallowed u/s 40A(7). Except when provision is made when the gratuity is actually payable i.e. when employee retires, resigns or on his death.
Contribution to approved gratuity fund is allowed u/s 36(1)(v) on payment basis (Sec 43B)
Contribution to unapproved gratuity fund is disallowed u/s 40A(9).
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