I would like to know if the amount of contribution made by employers to superannuation fund be allowed while computing total income of the company under Income Tax Act in case where the trust is still to be approved by Tax authorities and the application for recognition is pending with Tax authorities
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naresh
It will be allowed as deduction from profit even the decision of trust is pending before Income tax authorities. The trust is formed by the company. The approval is just mere formality.
yes, according to me it will be allowed
As per which section the contribution will be allowed? The fund is yet to get approval from CIT..
For this purpose and for more details you may refer Section 36(1) (iv).
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
