Saraswath Ltd. made provision of ₹ 12 lakh for bonus payable for the year ended 31st March, 2019. It paid ₹ 7 lakh on 31st July, 2019; ₹ 3 lakh on 30th September, 2019; and 2 lakh on 15th December, 2019. The amount eligible for deduction u/s 43B would be –
A. ₹ 10 lakh
B. ₹ 12 lakh
C. ₹ 7 lakh
D. ₹ 3 lakh.
Answer:A
Saraswath Ltd. made provision of ₹ 12 lakh for bonus payable for the year ended 31st March, 2019. It paid ₹ 7 lakh on 31st July, 2019; ₹ 3 lakh on 30th September, 2019; and 2 lakh on 15th December, 2019. The amount eligible for deduction u/s 43B would be –
A. ₹ 10 lakh B. ₹ 12 lakh C. ₹ 7 lakh D. ₹ 3 lakh.