06/02/2019
Contribution to non-statutory funds under section 40A( 9) :-
No deductlon is allowed in the computation of taxable profits 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, or other institution, for any purpose except where such sum is paid or contributed (within the limits laid down under the relevant provisions) to a recognised provident fund or an approved gratuity fund or an approved superannuation fund or (with effect from the assessment year 2012-2013) National Pension System (NPS) or for the purposes and to the extent required by or under any other law.
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