Provision made and not utilized

Ravi Chandra (Employee) (39 Points)

13 April 2017  

We made provision for the AY 2016-2017 (FY 2015-16) for Employees Bonus on Dt: 31-03-2016. But during the fy 2016-2017 we did not issued bonus and provision not utilized. What will be tax consequences for next AY 2017-2018 for not being utilization of this provision.