Salary under 43 B ?
This query is : Resolved
03 September 2010
Whether monthly Salary of staff is covered by Sec 43B of income tax act ?
03 September 2010
no. Only bonus is covered.
03 September 2010
Dear Adi,
Will your answer be the same if the salary has not been paid till the return ?
Will your answer be the same if the salary has not been paid till the return ?
03 September 2010
Yes it would be the same. As per section 43B only any sum referred to in clause (ii) of sub-section (1) of section 36 is covered which in turn is (ii) any sum paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission.
So it is covers just bonus or commission for services rendered and not salary payable.
So it is covers just bonus or commission for services rendered and not salary payable.
Message likes :
1 times
03 September 2010
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Average Cost Of High Quality Diamonds
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Banking Related Issue
- TAX AUDIT QUESTION
- Difff in ais receipts and gst turnover
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
