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Income Tax - Highlights / Catch Notes

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Disallowance of claims of superannuation fund u/s. 40A(9) and ...

Income Tax

March 3, 2021

Disallowance of claims of superannuation fund u/s. 40A(9) and gratuity fund u/s. 40A(7) - the company had applied for the approval of Superannuation Fund as well as Gratuity Fund which is administered by the LIC in March 1999. The assessee remits the contribution to LIC in respect of Superannuation Fund governed by the provision of section 40A(9). - The claim cannot be denied - AT

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