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Provision of bonus

This query is : Resolved 
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(Querist)
25 October 2011 Sir, we made bonus provision but not paid yet to day, filled income tax retruns. it is allowed please suggest and give clarification in this regard
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CA PRAVIN

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CA PRAVIN (Expert)
25 October 2011 Deduction of bonus is allowable only if you have actually paid u/s 43(B) of Income Tax Act.

Provision for bonus is not allowable expenditure.

Example : If you made provision for bonus in A.Y. 2011-12, then up to due date of filing of return u actually paid the bonus then it will be allowable otherwise it is disallowed u/s 43(B).
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