hello sir/madam,
the income tax section 36(1) ii is related to bonus or commession to an employee is allowable as deduction.
is it applicable in Assessment year 2014-15.
Thanking you,
Rajendra Meegada
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 01 July 2014
yes it is applicable.