Can we pay bonus to staff in cash
If yes,up to which amount
Any special treatment in case of factory
Menu
Provision for Bonus
Replies (1)
Yes. As per the provision of Payment of Bonus Act the bonus shall be paid in cash.
But as per Income Tax Act vide Subsection 3 of Section 40A any payment if exceeds Rs.10,000 made othewise than by account payee cheque, DD or ECS (i.e Cash) shall be disallowed as an expenditure.
No special treatment in case of factoy.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
