Payment of Bonus Act.1965


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 May 2011 An enterprise is paying Minimum Bonus by virtue of having no allocable surplus. In a particular year year,by having a substantial capital gain from the sale of investment in shares,there is allocable surplus.
What will be the position regarding the amount of Bonus to be paid? In other words,can the entity pay Minimum Bonus on the basis that the abnormal Capital Gain from the sale of shares is a Capital Receipt?

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Querist : Anonymous

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14 May 2011 Can the experts clarify the above query ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 September 2011 My query is simple - whether calculation of Allocable Surplus relates to normal business activities or does it include receipts from Non- Business such as Profit on Sale of Investments?

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