Provision for bonus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2014
Dear sir
We have made provision for bonus in the account & we have not paid till date it will be paid on diwali. Whether we need to report it in tax audit repot ??
We have made provision for bonus in the account & we have not paid till date it will be paid on diwali. Whether we need to report it in tax audit repot ??
30 August 2014
Since the bonus (statutory liability) has not been paid on or before the due date of filing the return, the same is disallowed u/s 43B.
Accordingly the same is required to be reported in tax audit report.
Accordingly the same is required to be reported in tax audit report.
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