24 September 2008
Any provision for gratuity in the books of accounts shall not be allowed as a deduction unless :- 1. the provision is made for any contribution towards an approved gratuiry fund or, 2. the provision is for gratuity, which has become due and payable during the PY.
24 September 2008
As per Sec 43 B any sum payable by an employer by way of contribution to PF, Superannuation fund or other fund for the welfare of employees,allowable only if the payment made either during the relevant PY or on or before the due date of filing of return u/s 139(1).
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