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of <h1>Board Clarifies Employer Contributions to Employee Welfare Societies Not Deductible Under Income-tax Act Section 40A(9.</h1> The Board has observed that some Assessing Officers have incorrectly allowed deductions for contributions made by employer companies to Employees' Welfare Co-operative Societies, assuming these contributions are not covered by Section 40A(9) of the Income-tax Act. However, the Board clarifies that the terms 'Association of persons' and 'Body of individuals' in Section 40A(9) include such societies, and thus, contributions should not be deductible unless mandated by other laws. For completed assessments, corrective measures should be taken to revoke any deductions previously granted. This instruction should be communicated to relevant officers.
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