Exp. allowed or Disallowed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
pls tell me that bouns paid in cash allowed as an exp. for PGBP or not.
S.A.BADAMIKAR
(Expert)
24 February 2011
Bonus paid to employees is allowable expense. But if you are making cash payment & if single employee is paid bonus above Rs.20000/- in cash, then that amount is going to be disallowed as per Section 40A(3)
24 February 2011
absolutely agreed.....
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