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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Provision for post-retirement medical benefits to employees – ...


Post-Retirement Medical Benefits Liability Begins at Contract Signing, Recognized as Tax-Deductible Expense.

July 9, 2014

Case Laws     Income Tax     AT

Provision for post-retirement medical benefits to employees – post-retirement medical benefit is also a liability which gets attached to the company the moment, the service contract is signed - expense allowed - AT

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