Profit Bonus - Law Dictionary Search Results
Profit bonus
Matched in: Term Profit bonus
Bonus shares
Matched in: Term Bonus shares
Bonus
Matched in: Term Bonus
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Capitalisation
stands transmuted and transformed into capital. The most common example of capitalisation of profits is by issuance of bonus shares to the shareholders, P.K. Badiani v. C.I.T., AIR 1977 SC 560 (565): (1976) 4 SCC 502. … Capitalisation, the profits of a Company can be capitalised in accordance with the Articles of Association and the law. On the
gainsharing
gainsharing : incentive-based compensation that ties wage increases or bonuses to increased productivity rather than profit increases … gainsharing : incentive-based compensation that ties wage increases or bonuses to increased productivity rather than profit increases
Allocable surplus
in an accounting year. (b) In any other case, sixty per cent of such available surplus. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (4)] … under the Income-tax Act for the declaration and payment within India of the dividends payable out of its profits in accordance with the provisions of s. 194 of that Act, sixty-seven per cent of the available surplus
Direct tax
notification in the Official Gazette, to be a direct tax for the purposes of this Act. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (12) (a)] … Direct tax, means: (a) any tax chargeable under-- (i) the Income-tax Act; (ii) the Super Profits Tax Act, 1963; (iii) The Companies (Profits) Surtax Act, 1964; (iv) the agricultural income-tax law; and (b) any
Accounting year
to be closed and balanced; (ii) in relation to a company, the period in respect of which any profit and loss account of the company laid before it in annual general meeting is made up, whether that … in writing of the prescribed authority and upon such conditions as that authority may think fit. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (1)]
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