The accounting period may for one or more periods or a full year.
Thus, we will address several issues through a number of posts.
When no future economic benefits will be recognized from the assets use or disposal.
Sec 18 Employee is found guilty of misconduct causing financial loss to the employer, then, it shall, be lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee under this Act in great moscow circus monte casino respect.The asset should be broken down into the separate components and each component should be depreciated as a separate asset.Allocable surplus sec 2 (4) Allocable surplus 67 of the available surplus (other than banking companies) or 60 of the available surplus (banking companies and companies linked with abroad) Payment of bonus calculated on the allocable surplus which is derived by the above calculation Set-On.6,35,000 2,50,000* set on 2,50,000* set on 2,50,000* (2).2,15,000 1,04,167* (after setting off 69, 167 from year-8 and 41,666 from year-9) Nil Set off 52,501 (9) Notes: * Maximum * Minimum The balance.1,10,000 set on from Year-2 lapses.(b) Profits of, and receipts relating to, any business situated outside India.Payment of minimum bonus.
Net Book Balance the unamortized balance through the Depreciation Period End date.
Shall be deducted under this proviso : Provided also that where such employer is an individual or a Hindu undivided family, - An amount equal to 25 per cent of the gross profits derived by such employer from the establishment in respect of the accounting.
If any such agreement is made in between the employer and employee, government permission is needed.(If, and to the extent, credited to Profit and Loss Account) Total of Item.6. These three dates are listed below: Acquisition Date the date the asset was purchased.All disputes shall be referred to the Labour courts or the industrial tribunals Maintenance of registers, records, etc.Explanation - The expression "reserves" occurring in column (3) against Item Nos.The depreciation method used should reflect how the economic benefits of the asset are used by the entity.(If, and to the extent, charged to Profit and Loss Account) (e) Any amount certified by the Reserve Bank of India in terms of sub-section (2) of Sec.34-A the Regulation Act, 1949 (10 of 1949) (f) Losses of, or expenditure relating to any business situated.The Payment of Bonus Act, 1965 - The Payment of Bonus (Amendment) Bill, 2015 - Eligibility for bonus - Payment of minimum bonus.The Government has decided to enhance the eligibility limit for payment of bonus 3500/- per month Disqualification for bonus.