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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Disallowance u/s 43B on account of bonus - an incentive which ...


Section 43B: Incentive Payments Not Considered Bonuses for Tax Purposes, Despite Label Used by Taxpayer.

December 5, 2016

Case Laws     Income Tax     AT

Disallowance u/s 43B on account of bonus - an incentive which has been paid out of his business consideration would not partake the nature of bonus, merely because the nomenclature applied by the assessee is bonus - AT

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