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Incentive payable

This query is : Resolved 
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(Querist)
17 September 2011 Company makes provision for incentive payable in the books but it is not paid before due date for filing of the return.

Under these circumstances:

1) Provision for Incentive payable will be disallowed u/s 43 B read with Sec36(1)(ii).
2) Whether incentive can be equated with Bonus or commission
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CS Bijoy

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CS Bijoy (Expert)
21 September 2011 It will be disallowed, incentive depend upon sale after achieving fixed target but commission is given on every sale or avery transaction.
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