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Provision for gratuity

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(Querist)
16 January 2021 Hi all,
Provision for gratuity is made in the books of accounts on the basis of actuary valuation. Whether it is allowed as a deduction under the Income tax Act?

Thanks in advance.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 January 2021 It will not be allowed as deduction funding is required.

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