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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition of bonus paid to the directors - disallowance u/s ...

Case Laws     Income Tax

March 6, 2019

Addition of bonus paid to the directors - disallowance u/s 36(1)(ii) - No extra services have been rendered for payment of commission - Two shareholders director were holding 50% each. Payment of bonus or commission is not allowable as deduction u/s 36(1)(ii) in the hands of the assessee company.

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