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Section 40A(9)

Posted @ August 14, 2013, 1:10 am under (TAX AUDIT)

Section 40A(9) of the Income-tax Act, 1961 deals with 'Business disallowance - Contribution to employees welfare trust, etc'
[(9) No deduction shall be allowed in respect of any sum paid by the assessee as an employer towards the setting up or formation of, or as contribution to, any fund, trust, company, association of persons, body of individuals, society registered under the Societies Registration Act, 1860 (21 of 1860), or other institution for any purpose, except where such sum is so paid, for the purposes and to the extent provided by or under clause (iv) 58a [or clause (iva)] or clause (v) of sub-section (1) of section 36, or as required by or under any other law for the time being in force.

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