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Whether ex gratia is allowable under IT act
whether provision for made for ex Gratia and debited in the profit and loss a/c can be disallowed by the IT Officer during assessment?
Replies (1)
Yes, it is allowable under Income Tax.
Ex-gratia is nothing but type of incentive/bonus other than statutory bonus.
Ex-gratia is nothing but type of incentive/bonus other than statutory bonus.
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