Bonus
This query is : Resolved
Goutam Kumar Nag
(Querist)
25 February 2010
Please tell me How bonus to be accounted for, for the purpose of computing salary income. Whether cash basis or accrual basis
CA. B.SRINIVASULU
(Expert)
25 February 2010
In the books of the employer on accrual basis and in the books of the employee on payment basis and for tds purpose it should be included on payment basis.
CMA Ramesh Krishnan
(Expert)
25 February 2010
My view ,Receipt or Accrual which ever is earlier
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