https://www.taxtmi.com/circulars?id=4548 Mere book provisions for estimated service gratuity are not deductible in computing taxable profits; only contributions to an approved gratuity fund that became payable during the previous year and gratuity payments that became payable during the previous year remain deductible. If annual actuarial provisioning is begun, only the current year's provision is allowable; earlier unprovided liabilities are deductible only when paid. Provisions should be determined taking employee-level factors into account and supported by appropriate actuarial valuation and records. en-us Thu, 26 Sep 1974 00:00:00 +0530 Wed, 30 Jul 2008 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4548 Mere book provisions for estimated service gratuity are not deductible in computing taxable profits; only contributions to an approved gratuity fund that became payable during the previous year and gratuity payments that became payable during the previous year remain deductible. If annual actuarial provisioning is begun, only the current year's provision is allowable; earlier unprovided liabilities are deductible only when paid. Provisions should be determined taking employee-level factors into account and supported by appropriate actuarial valuation and records. Circulars Income Tax Thu, 26 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4548