Allowability of contribution to Group Gratuity Policy of LIC of ...

Deduction Allowed for LIC Group Gratuity Contributions Despite Unapproved Trust, Funds Controlled by LIC Directly for Employee Payments.

August 7, 2019

Case Laws Income Tax AT

Allowability of contribution to Group Gratuity Policy of LIC of India - the trust has not been approved by the Department - the assessee is entitled for deduction for payment of group gratuity to LIC as it has has no control over the funds contributed and it is receiving the gratuity payment directly from the LIC as per the scheme which is paid to the employee on happening of the event

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Allowability of contribution to Group Gratuity Policy of LIC of ...

Deduction Allowed for LIC Group Gratuity Contributions Despite Unapproved Trust, Funds Controlled by LIC Directly for Employee Payments.

August 7, 2019

Case Laws Income Tax AT

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