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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Contribution made by the employer to the Death Relief Fund is ...


Employer Contributions to Death Relief Fund Are Allowable Business Expenditures u/s 37 of Income Tax Act.

March 5, 2019

Case Laws     Income Tax     HC

Contribution made by the employer to the Death Relief Fund is also an allowable business expenditure in terms Section 37 in so far as the expenditure is incurred wholly and exclusively for the welfare of its employees and is for the purposes of the business.

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