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Voluntary Bonus

This query is : Resolved 
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(Querist)
13 May 2010 Is voluntary bonus is taxable in accrual basis or cash basis. please provide the case law for the reference
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 May 2010 Not mentioned from whose point of view
the employer or employee

For employee it is taxable

for employer bonus is allowable on payment basis u/s 43B

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