Retention bonus allowable as business expenditure

By | July 15, 2016
(Last Updated On: July 15, 2016)

Retention bonus as business expenditure

The Delhi Bench of the Income-tax Appellate Tribunal held that a retention bonus paid by the taxpayer to retain employees of a transferred company were allowable as a business expenditure of the taxpayer. The case is: SAIC India Private Ltd. Read a July 2016 report [PDF 282 KB]

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