08 September 2015
Could a performance linked bonus for the FY 2014-15 declared in the month of Aug'15 be taken into account in the month of March'15. Will the situation be different if it is paid or not paid in Aug'15 and if the recipient declares it in his / her return for the FY 2014-15.
08 September 2015
A provision can be made for such bonus in March. PLB are worked out well in advance & mostly their declaration &/or payment is only deferred. Have answered based on my experience in a finance company.
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