The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the long term employees benefits such as gratuity, leave encashment, ex-gratia & bonus etc., are deductible while assessing the book profit under Section 115JB of the Income Tax Act, 1961. The appellant had provided for the long term employees benefits inter alia […]
The post Long-Term Employees Benefits Deductible while Computing Book Profit: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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