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Exp. allowed or Disallowed

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2011 pls tell me that bouns paid in cash allowed as an exp. for PGBP or not.
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S.A.BADAMIKAR

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S.A.BADAMIKAR (Expert)
24 February 2011 Bonus paid to employees is allowable expense. But if you are making cash payment & if single employee is paid bonus above Rs.20000/- in cash, then that amount is going to be disallowed as per Section 40A(3)
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
24 February 2011 absolutely agreed.....
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