The only salary paid or incurred in the current year is deductible from current income and any provision for future salaries shall not be admissible as deduction as a business expense under Income Tax and if it is already claimed as a deduction it will be disallowed by AO in future.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
