https://www.taxtmi.com/forum/issue?id=116786 Queries concern computation of allocable surplus under the Payment of Bonus Act: whether capital gains are excluded from gross profit only when tax depreciation is disallowed; whether special incomes like long term capital gains are deductible from available surplus; the treatment of unabsorbed depreciation and losses and implications of having paid minimum alternative tax; whether a 67% rate applies when no dividend is proposed; and whether amount set on/set off is unnecessary for the first six years. The document records only advice to seek professional analysis. en-us Mon, 12 Oct 2020 17:55:05 +0530 Thu, 23 Jan 2025 15:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116786 Queries concern computation of allocable surplus under the Payment of Bonus Act: whether capital gains are excluded from gross profit only when tax depreciation is disallowed; whether special incomes like long term capital gains are deductible from available surplus; the treatment of unabsorbed depreciation and losses and implications of having paid minimum alternative tax; whether a 67% rate applies when no dividend is proposed; and whether amount set on/set off is unnecessary for the first six years. The document records only advice to seek professional analysis. Discussion-Forum Indian Laws Mon, 12 Oct 2020 17:55:05 +0530 https://www.taxtmi.com/forum/issue?id=116786