B. M. PARMAR, DEVELOPMENT OFFICER, LIFE INSURANCE CORPORATION OF INDIA versus COMMISSIONER OF INCOMETAX
Salary Benefits Bonus Life Insurance Corporation of India Development Officers, who are employed throughout their life to promote and promote the insurance business receive the privileged bonus for the work paid for. Salary is meant to show better results; In the Enhancement Bonus scheme created by LTC, profits received by LTC are not distributed as incentive bonuses to the Development Officers except for the discounted bonus salary. Do not distribute profits to cover privileged expenses S are not paid in full, we did not play as important and special as any compensation for development officers perform their duties. The deductible bonus expense incurred only on the annual basis of the expenses involved in the incentive bonus grant is assessable only under the bonus bonus salary incurred for the calculation of the amount of the incentive bonus, not under the profits and in the business profession. Deducted under section 16 (i). adissi Indian Income Tax Act, 1961, Sections 2 (24) (iiia), 10 (14), 14, 15, 16 and 17 are not deducted due to expenses.
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