pls tell me the treatment of the following adjustments (income from business'profession)
1. Rs 40000 to a competitor to avoid underbidding in a tender
2. Rs 60000 towards foreign tour expenses of director with the object of negotiating a collaboration agreement wid foreign manufacturer. the negotiation however, was failed..
3. festival bonus of 5 lakhs to its workman in addition to the bonus payable under payment of bonus act.
4. cost of statue of founder erected within the factory compound
5.contributio to govt for construction of health centre adjacent to the factory where employees can ge treatment alongwith other public Rs 35000
6.payment of late filing of return of income Rs 5000
CAclubindia
