Bonus payment
This query is : Resolved
Querist : Anonymous
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
....
give reply
300000/-is allowed deduction Or not for income tax calculation
....
give reply
02 January 2014
Rs. 3 lakhs is prior period expense and will be disallowed.
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