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Bonus rules for comapny

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2011 I want to knwo abt bonus act for a new formed company. "
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
07 August 2011 Bonus act gives only one exemption to a newly formed company that it has to pay bonus only when it has profits otherwise it is not needed to pay bonus for initial 5 years.

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