Managerial Remuneration

Accountancy

Why bonus as per books is considered as a disallowed expense and added to net profit as per sec 198. I cant understand what's meant by bonus as per books!

R i S H i Rishikeish

CA Inter

★ 110

24-Jun-22 13:53

476

Answers (1)

bonus as per books is bonus paid to manager and such bonus is added to net profit as per sec 198 for calculating managerial remuneration.

Mounika Satya sai Mullapudi

CA Inter

★ 3K+

25-Jun-22 10:49