Case Law Details
Case Name : ACIT Vs. Glaxo Smithkline Pharmaceuticals (ITAT Mumbai)
Related Assessment Year : 2004- 2005
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Contributions to a superannuation fund, not being in the nature of initial or ordinary annual contribution is an allowable deduction
Facts
• During the assessment year 2004-05, the taxpayer claimed a deduction for payments to the superannuation scheme in excess of the prescribed limits.
• The superannuation fund of the taxpayer, duly approved was a „defined benefit scheme? and the taxpayer made ordinary annual contri
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Dear Sirs,
Can the company pay more than 27% for PF+Pension fund and restrict claim of tax benefit to 27%? or it is prohibited from exceeding 27% as a cap imposed by incometax act