24 September 2009
Hi, As per Sec.36(1)(v) Employer's contribution to an approved Gratuity Fund created for the benefit of Employees, is eligible for deduction. However considering the provisions of Sec.43B and Sec.40(A)(7), mere provision will be disallowed to the extent it is unpaid before the due date of submission of return of income. Hence payment of contributions before the return filing date shall be allowed as deduction even though provision is made in the financial year. Rgds
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