Allowance and disallowance of bonus

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HEMANT KUMAR GUPTA (Querist)
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27 September 2012 i have one query regrding allowance & disallowance of bonus u/ 43b.
a company has filed ITR on 22 september,and on that day payment of bonus was not made, so it was disallowed,but if the company makes payment of the bonus after filing of return but before the due date of filing of return u/s 139,so weather it will be allowed in the next financial year or not

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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27 September 2012 If paid, it will be allowed in next year.

HRIDAYNATH PATRA

HRIDAYNATH PATRA (Expert)
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28 September 2012 Allowability of bonus as per section 43B is depends upon the acctual payment. In your case return filed in 22/09. Bonus paid after filling the return but before the due date of filling the return. In this case you can claim the benefit by filling the revised return.

PARDEEP KUMAR AGGARWAL

PARDEEP KUMAR AGGARWAL (Expert)
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28 September 2012 All such amounts need to be paid either before last date of filing ITR or actual date of filing of ITR which comes earlier. Otherwise expenses cannot be claimed in the financial year for which they actual pertains, rather in the year in which they actually paid.

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