Incentive payable
This query is : Resolved
17 September 2011
Company makes provision for incentive payable in the books but it is not paid before due date for filing of the return.
Under these circumstances:
1) Provision for Incentive payable will be disallowed u/s 43 B read with Sec36(1)(ii).
2) Whether incentive can be equated with Bonus or commission
Under these circumstances:
1) Provision for Incentive payable will be disallowed u/s 43 B read with Sec36(1)(ii).
2) Whether incentive can be equated with Bonus or commission
21 September 2011
It will be disallowed, incentive depend upon sale after achieving fixed target but commission is given on every sale or avery transaction.
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