Dear Experts,
Is the bonus received under the provision of Bonus Act 1965 is it taxable / not taxable under Income Tax Act if yes / if no under which section it is given?
Thanks in advance.
prashant1314 (HR Learner) 02 July 2012
Dear Experts,
Is the bonus received under the provision of Bonus Act 1965 is it taxable / not taxable under Income Tax Act if yes / if no under which section it is given?
Thanks in advance.
Kumar Doab (FIN) 02 July 2012
If the income falls within the taxable range, it is taxable under Income Tax Act, 1961, Sec 17.
R RAJAGOPALAN (ADVOCATE) 23 August 2012
Query: Is the bonus received under the provision of Bonus Act 1965 is it taxable / not taxable under Income Tax Act if yes / if no under which section it is given?
Reply: Bonus, as per judicial decisions, is deferred wages, and is taxable as a part of salary.
Query-2: can i file fir of lost chequebook in 2012 , After 1 and half year of closing the account ,
Filing an FIR in 2012 for the loss of the cheque book, would be a meaningless and redundant exercise, as none can misuse the cheques to withdraw money from the account which had been closed 18 months previously.
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