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Bonus is taxable on payment basis

On Mon, Apr 19, 2010 at 10:07 AM, Kiran Takke <[email protected]> wrote:

Hi Friends,

Need your help on the following...

When the Bonus of employee is taxable ?

At the time of payment to the employee
or
At the time of booking.............. Please advise.



Treatment in books given by me.
I have booked the proportionate bonus as expenses in my books & the same is
shown in the income of respective employees & tax deducted thereon for the
last year.

Please advise...Is there any changes is required in the treatment?

Thanks & Regards,
Kiran Takke




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