i have a one query relating to sharing of profit to employees can someone tell me what is limit or what is eligibility or ref. a notification or rule (income tax )
16 January 2019
There is no limit or eligibility as such. A company can share its profit with the employees. However such profit share in the hand of employee shall be treated as "salary" in the hand of employee and shall be taxed as such.
CAclubindia
