https://www.taxtmi.com/acts?id=49506 Amendment replaces subsection (7) of section 40A to disallow deductions for provisions made by an assessee for payment of gratuity to employees on retirement or termination, except where the provision is for contributions to an approved gratuity fund or for gratuity that became payable during the previous year; additionally, if such a provision was previously allowed as a deduction, any sum paid out of it as a contribution to an approved gratuity fund or as gratuity shall not be allowed as a deduction in the previous year in which it is paid. en-us Sat, 22 Feb 2025 10:54:37 +0530 Sat, 22 Feb 2025 10:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49506 Amendment replaces subsection (7) of section 40A to disallow deductions for provisions made by an assessee for payment of gratuity to employees on retirement or termination, except where the provision is for contributions to an approved gratuity fund or for gratuity that became payable during the previous year; additionally, if such a provision was previously allowed as a deduction, any sum paid out of it as a contribution to an approved gratuity fund or as gratuity shall not be allowed as a deduction in the previous year in which it is paid. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:54:37 +0530 https://www.taxtmi.com/acts?id=49506