The Income Tax Appellate Tribunal (ITAT), Bangalore has last week held that the provision for gratuity can be deducted from the book profit under Section 115JB of the Income Tax Act, 1961. The only remaining issue is whether “Provision for Gratuity” is an ascertained liability eligible to be deducted from the Net profit for the […]
The post Provision for Gratuity can be Deducted while Computing Book Profit: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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