Payment of retention bonus - allowable busniss expenditure - Had ...

Retention Bonus to Ex-Company Employees is Allowable Business Expense Under Explanation 2, Section 15 of Income Tax Act.

April 13, 2018

Case Laws Income Tax AT

Payment of retention bonus - allowable busniss expenditure - Had the employees of erstwhile company not been retained by the assessee company its business would have adversely affected and this fact goes to prove that the retention bonus was paid as an incentive to the employee, which is salary as per Explanation 2 to section 15 of the Act, and is a business expenditure not creating any enduring benefit. - AT

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Payment of retention bonus - allowable busniss expenditure - Had ...

Retention Bonus to Ex-Company Employees is Allowable Business Expense Under Explanation 2, Section 15 of Income Tax Act.

April 13, 2018

Case Laws Income Tax AT

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