Gratuity Payment v/s income tax

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..... Gratuity Payment v/s income tax
Query (Issue) Started By: - Ashok Chopra Dated:- 8-3-2014 Last Reply Date:- 12-3-2014 Income Tax
Got 2 Replies
Income Tax
Dear Sir, I am want to pay volun .....

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..... tary gratuity to my some employees who have not completed three years and i want to pay them gratuity for three years. My querry:- Will income tax department will disallow gratuity expenses as they .....

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..... have not completed five years as per Payment of Gratuity Act?, if yes, please guide me what should i do? Should I deduct TDS on it or not? Thanks and regard Reply By CA GOPALJI AGRAWAL: The Reply: .....

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..... It would be treated as ex-gratia payment liable to tax and TDS. Reply By Ashok Chopra: The Reply: Sir, may management is interested to book this amount in Gratuity, if we book this amount in Gratu .....

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..... ity account, will income tax department disallow the expenses and charge income tax from our company. Is there any other way out, i should give this amount to my employee without deducting TDS and lia .....

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..... bility of income tax should not be on the company at the time of assessment.
Discussion Forum - Knowledge Sharing .....

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