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Bonus payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 we have actual bonus paid 700000/-on 30.10.2013 FY year 2012-13 but provision made on 31.3.2013 was 400000/- diff.is 300000/- is prior period expenses

300000/-is allowed deduction Or not for income tax calculation

....
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
02 January 2014 Rs. 3 lakhs is prior period expense and will be disallowed.
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