Salary under 43 B ?
This query is : Resolved
03 September 2010
Whether monthly Salary of staff is covered by Sec 43B of income tax act ?
03 September 2010
no. Only bonus is covered.
03 September 2010
Dear Adi,
Will your answer be the same if the salary has not been paid till the return ?
Will your answer be the same if the salary has not been paid till the return ?
03 September 2010
Yes it would be the same. As per section 43B only any sum referred to in clause (ii) of sub-section (1) of section 36 is covered which in turn is (ii) any sum paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission.
So it is covers just bonus or commission for services rendered and not salary payable.
So it is covers just bonus or commission for services rendered and not salary payable.
Message likes :
1 times
03 September 2010
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Is data analytics worth it?
- Rejected at e-filing Line No 2 - Invalid Previous RRR Number
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
