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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Disallowance of bonus payable to employees u/s 43B - Since the ...


Bonus Disallowance Upheld: Payment Not Made Before Due Date Per Section 43B; Claim Rightfully Denied by Lower Authorities.

August 5, 2015

Case Laws     Income Tax     AT

Disallowance of bonus payable to employees u/s 43B - Since the assessee has not made payment before the due date of filing of the return, the lower authorities have rightly disallowed the claim of payment of bonus - AT

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