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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Disallowance on account of Director’s commission/bonus - He was ...

Case Laws     Income Tax

January 22, 2019

Disallowance on account of Director’s commission/bonus - He was not a shareholder when the bonus/commission was paid to him and once he is not a shareholder and commission/bonus paid for the services rendered, the provisions of Section 36(1)(ii) mandates that the bonus is to be allowed.

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