Retirement Payments Processed with TDS Deductions, Qualify for Deductions u/s 37, Not Sections 36(1)(iv) or (v).

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....Expenditure paid to its retired employees - the payments effected in terms of the Retirement Regulations, 1979 have been strictly made to the retired employees' account after deduction of TDS wherever applicable - the payment would fall within the general deductions u/s 37 and cannot be brought u/s 36(1)(iv) and (v) of the Act....