Saraswathi Ltd. made a provision of ₹ 12 lakh for a bonus payable for the year ended 31st March 2021. It paid ₹ 7 lakh on 31st July 2021; ₹ 3 lakh on 30th September 2021; and ₹ 2 lakh on 15th December 2021. The amount eligible for deduction u/s 43B would be

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Question:Saraswathi Ltd. made a provision of ₹ 12 lakh for a bonus payable for the year ended 31st March 2021. It paid ₹ 7 lakh on 31st July 2021; ₹ 3 lakh on 30th September 2021; and ₹ 2 lakh on 15th December 2021. The amount eligible for deduction u/s 43B would be

1. ₹ 10 lakh

2.₹ 12 lakh

3. ₹ 7 lakh

4. ₹ 3 lakh

Posted by R4R Team
  1. Saraswathi Ltd. made a provision of ₹ 12 lakh for a bonus payable for the year ended 31st March 2021. It paid ₹ 7 lakh on 31st July 2021; ₹ 3 lakh on 30th September 2021; and ₹ 2 lakh on 15th December 2021. The amount eligible for deduction u/s 43B would be
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