Clause 20a of 3CD- which bonus to disclose
This query is : Resolved
13 September 2024
(a) Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise payableto him as profits or dividend [Section 36(1)(ii)].
Dear all a company pay bonus under long term incentive plan every year , lets say 10 lacs is LTIP which will be paid to employees 15%, 25% , 30% & 30% respectively in 1 to 4 years.
Do we need to disclose the same in clause 20 for tax audit ??
Dear all a company pay bonus under long term incentive plan every year , lets say 10 lacs is LTIP which will be paid to employees 15%, 25% , 30% & 30% respectively in 1 to 4 years.
Do we need to disclose the same in clause 20 for tax audit ??
17 September 2024
No need to disclose such payment as it's not a profit or dividend.
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