Bonus rules for comapny
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2011
I want to knwo abt bonus act for a new formed company. "
CA Ashwani Agarwal
(Expert)
07 August 2011
Bonus act gives only one exemption to a newly formed company that it has to pay bonus only when it has profits otherwise it is not needed to pay bonus for initial 5 years.
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