https://www.taxtmi.com/forum/issue?id=111029 Whether the full actuarial provision for gratuity and leave encashment recognised for the first time should be charged to profit and loss and disallowed for tax, or whether opening provision should be adjusted against reserves with only the balance charged to profit and loss. Respondents advise that liabilities attributable to earlier periods should be offered and included in total income when computing taxable income, so past-period obligations are brought into income on recognition. en-us Sun, 16 Oct 2016 17:28:22 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111029 Whether the full actuarial provision for gratuity and leave encashment recognised for the first time should be charged to profit and loss and disallowed for tax, or whether opening provision should be adjusted against reserves with only the balance charged to profit and loss. Respondents advise that liabilities attributable to earlier periods should be offered and included in total income when computing taxable income, so past-period obligations are brought into income on recognition. Discussion-Forum Income Tax Sun, 16 Oct 2016 17:28:22 +0530 https://www.taxtmi.com/forum/issue?id=111029