Tax audit
This query is : Resolved
18 September 2012
Dear sir,
Gratuity fund on the basis of acturial valuation method is maintained by a Ltd. company. Payment for Gratuity in this case is admissible u/s 40 A (7) or not.
Please reply
Thanks in advance
Gratuity fund on the basis of acturial valuation method is maintained by a Ltd. company. Payment for Gratuity in this case is admissible u/s 40 A (7) or not.
Please reply
Thanks in advance
18 September 2012
Yes, Its Allowable.
18 September 2012
If the Gratuity is detemined as per the acturial valuation then it will be allowed as deduction.
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