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Bonus received in next FY
If bonus of the FY 18-19 is paid in the may-19 than bonus will be taxable in FY 18-19 or in the FY it is received?
Replies (2)
Bonus will be allowed as deduction in the year of actual payment irrespective of the year to which the liability pertains to. Please refer Sec - 43B(c) this clause gives reference to Sec - 36 which talks about the bonus payments.
it will be taxable in the fy it is received
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