Bonus payment

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anckoora (Querist)
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11 February 2012 Dear Sir,

Bonus of FY 10-11 was made provision as on 31-3-2011. ITR for FY 10-11 was filed on 30.8.2011. Bonus of FY 2010/11 (which was provided in balance sheet of FY 2010/11) was paid on 01.11.2011.

At the time of assessment of FY 10/11, will this payment be disallowed by Income Tax, as it is paid after the filing of ITR of FY 10/11 ? ?

Pl. let me know the exact rule of income tax for various provisions ( such as PF/ESIC/Tel. Bill / Light Bills / Bonus ) made on 31/3. WHEN THEY SHOULD BE PAID ?? BEFORE FILING OF itr ?

PL. PROVIDE RELEVANT SECTION.

Thanks
anckoora

CA. Hari Kishan

CA. Hari Kishan (Expert)
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11 February 2012 All the employee dues and payments shall be required to be paid before the due date of filing the return of income.. please refer to section 43B of the income tax act.. for more details