Employer's Contribution towards Gratuity Fund - (New) Section 29(1)(c) and (d) Section 36(1)(v)
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....d as a deduction while computing Income under section 26 in respect of • contributions to be made in gratuity fund, if: • It is approved, and • Created exclusively for employees under an irrevocable trust Provision for Gratuity [ Section 29(1)(d) ] • Even if not paid yet, employer can claim deduction for any provision ....
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....ution to, any fund, trust, company, association of persons, body of individuals, society registered under the Societies Registration Act, 1860, or other institution for any purpose, • except where such sum is so paid, for the purposes and to the extent provided by or under section 29(1)(a) or (b) or (c), or as required by or under any other law in force. Gratuity deemed to be ....


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