banner_ad

Bonus act - calculation of allocable surplus

Others 2691 views 2 replies
As per schedule III of the act, the company needs to deduct 8.5% of the paid-up share capital from the gross profit calculation. But, what if company having 4 different units and different location and having its own profit and loss account. And there is only one balance sheet (Consolidated) which consists paid up share capital. How should I allocate paid up share capital in those units (i.e on turnover basis or o the basis of employee expenses)
Replies (2)

In my opinion, Allocable surplus is calculated on company basis, not on unit basis

 

Hello sir,

 

Appreciate your answer.

 

However, there are 4 units in my case where 3 units are new and hence, going thrrough losses. Now employees and headd of the 1 unit which is earning profits are of opinon that whay should we accept lower binus due to losses of new units.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details