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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Payment of bonus - Disllowance u/s 43B - The only thing he can ...


Court Rules Bonus Payment Before Tax Return Filing Allows Deduction u/s 43B of Income Tax Act.

January 12, 2015

Case Laws     Income Tax     HC

Payment of bonus - Disllowance u/s 43B - The only thing he can verify is as to whether bonus has been paid as a matter of fact. If it is paid, deduction has to be permitted - bonus was paid before filing of return, deduction allowed - HC

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