The Bonus rule for set on and set off of allocable surplus states as under:

Where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 11, then, the excess shall, subject to a limit of 20% of the total salary or wages of the employee employed in the establishment in that accounting year, be carried forward for being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year to be utilized for the purpose of payment of bonus in the manner illustrated in the fourth schedule.
Our confusion is as under:

There is set on of Rs. 50,000/- in the accounting year 2014-15. This amount of set on should be carried forward in 2015-16, 2016-17, 2017-18 and 2018-19 and nullified in 2019-20 or should be carried forward in 2015-16, 2016-17, 2017-18 and nullified in the year 2018-19 ?
The confusion has arisen by the words “being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year “. For the accounting year 2014-15, the first succeeding accounting year is 2015-16, 2nd year is 2016-17, 3rd year is 2017-18 and 4th year is 2018-19. Therefore the set on should be carried on up to 2018-19 and should be nullified in accounting year 2019-20.
However, if the 1st year is to be taken as accounting year 2014-15 itself, then 4th year is 2017-18 and therefore the amount of set on should be nullified in 2018-19.

We request the club member to help me in the matter.

res sir,

kindly tell me gst on entertainment expenses is allowed in law.
i am working in manufacturing / trading unit both

thanks & regards

Hi All,
we have a company named XYZ pvt ltd, and employed more then 40+ employees. now we have floated a new company named XYN pvt company, with 75% of directors of XYZ company, and doing same business. in the mean time XYZ company going to windup.
Now i have to get to know how to move same employees from old to new without affecting employees CTC , Employment etc .
any further details required ask me,

thanking you,

Sir/madam
An individual person being a financial or operational creditor give loan or trade activity with an individual which was not recoverable after due notices and now, Can financial/operational creditor sue his case under which case or code?

Dear sir
can you explain more about this topic
no partnership cab be made between husband and wife in eyes of laws unless some other person is also included as other partner
Read more at: https://www.caclubindia.com/forum/re-partnership-firm-formed-with-husband-amp-wife-379934.asp
scpmani@yahoo,com
regards
manickam

Dear Sir / Madam,

My query is as follows:

In case of X Ltd,
Date of Directors report 05/09/2019
Date of P&L Balance sheet 05/09/2019
Date of Tax audit report 05/09/2019
Date of Notice of AGM 05/09/2019
Date of AGM 26/09/2019

In this case, UDIN is required to be generated within 15 days from the date of P&L Balance sheet.

I wish to know whether short notice (i.e. less than 21 days or of 1 day) of AGM is possible??

Kindly guide.
Regards,
Suraj Patil

My client is a Trustee in one charitable trust. At now there is no activity in the trust. He said that the trust authority is given to some other party, who desire for activity and sell the charitable trust to some other party. Is it possible and yes then what is the procedure?

Dear All,

I came across a case wherein a person (Salaried person) had entered into an agreement with a Indian Company and purchased a piece of land many years ago. The Company is into cultivation of crops, etc. However at present the Company is under litigation. Today, the person wishes to sell his share of land. The first question is can the person sell his share of Land without the consent of the company? If Yes, which law governs this and the specific provision of the law. If no, the law which governs this and the applicable provisions of the Law.

Request assistance on the above subject matter.

Please Let me Know .....LLP firm can Borrow Funds from NRI Person...???? OR Resident Indian Can Borrow funds from NRI and Utilized in Running Business....?? And NRI Person File its return in India and have NRO Accounts.

Kindly reply Urgent ......

Dear Sir/Madam,

My Company has taken loan from Bank against the property which held by One of the Group Company, due to common director , the Director act as a guarantor for loan taken. pls suggest 185 and 186 is applicable.. if yes then pls provide me the board resolution asap.