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leave encashment contributions

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(Querist)
26 March 2009 Wheather contribution to leave encashment fund with The LIC will be allowed as busiiness expenditure to assesse.
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
26 March 2009 Yes You can avail, but at the time of retirement amount paid fom such contribution will not be allowable.

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