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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Disallowance of provision for post-retirement medical expenses - ...


Tax Laws Allow Post-Retirement Medical Expenses: Scientifically Determined Liability Recognized, Not Contingent or Disallowed Anymore.

July 19, 2019

Case Laws     Income Tax     AT

Disallowance of provision for post-retirement medical expenses - actuarial basis - provision has been created on the basis of actuarial calculation on a scientific basis the liability is not contingent but definite - duly allowable

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