tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2010
SIR,
ONE OF THE DECLARED BONUS DURING THE PREVIOUS YEAR TO HIS EMPLOYEES & PAID TO HIS THEM BEFORE FILING OF RETURN(ie 30.09.2010)
BUT AUDITOR DISALLOWED THIS .WHY?
IS IT RIGHT ?
IF YES THEN UNDER WHICH SEC.PLS REFER CLAUSE ALSO
ONE OF THE DECLARED BONUS DURING THE PREVIOUS YEAR TO HIS EMPLOYEES & PAID TO HIS THEM BEFORE FILING OF RETURN(ie 30.09.2010)
BUT AUDITOR DISALLOWED THIS .WHY?
IS IT RIGHT ?
IF YES THEN UNDER WHICH SEC.PLS REFER CLAUSE ALSO
CA Suraj Lakhotia
(Expert)
25 September 2010
Bonus is allowed on payment basis as per section 43B. The disallowance is not proper.
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