The Income Tax Appellate Tribunal (ITAT) held that incentives paid to employees under section 40(a)(ia) in the nature of salaries cannot be disallowed. The assessee is in wholesale distribution of mobile handsets. For the assessment year 2014-15, the assessee filed the return of income on 22.09.2014 admitting a total income of Rs.10,86,820/-. The case was […]
The post No Disallowance of Incentives paid to Employees u/s 40(a)(ia) If Payments are in Nature of Salaries: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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