https://www.taxtmi.com/circulars?id=4452 An amendment prevents deduction for mere provisions for gratuity recorded in employers' books, while preserving deductibility for contributions paid to approved gratuity funds and for gratuities that have actually become payable. Earlier Board guidance that actuarial provisions represented real liabilities and were deductible was withdrawn in light of later judicial decisions; subsequent clarifications require year-by-year allowance only for provisions made in that year, distinct accounting for prior-service gratuity liabilities, and employee-specific actuarial consideration. en-us Mon, 21 Sep 1970 00:00:00 +0530 Sat, 09 Aug 2008 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4452 An amendment prevents deduction for mere provisions for gratuity recorded in employers' books, while preserving deductibility for contributions paid to approved gratuity funds and for gratuities that have actually become payable. Earlier Board guidance that actuarial provisions represented real liabilities and were deductible was withdrawn in light of later judicial decisions; subsequent clarifications require year-by-year allowance only for provisions made in that year, distinct accounting for prior-service gratuity liabilities, and employee-specific actuarial consideration. Circulars Income Tax Mon, 21 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4452