I have disallowed provision for Gratuity towards unapproved fund under section 40A(7). Suppose next year the employee retires & actual payment is made to him, under which section the actual payment will be allowed?
2 Replies
manthan shete
(37 Points)
Replied 15 September 2023
Under sec 37.. in ITR deduction to be claimed under "any other allowance" as only disallowance can be claimed under 40A(7).. there is no field in ITR for claiming allowance under Sec 40A(7)
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