https://www.taxtmi.com/highlights?id=105968 Statutory bonus paid to non-shareholder workers is deductible under section 36(1)(ii) when it would not otherwise be payable to them as profits or dividend. The restriction targets profit distributions to shareholders disguised as remuneration. Statutory minimum bonus based on wages is an obligation independent of any decision to distribute profits. Bonus sheets and books of account established payment, and no material showed that the recipients were shareholders, directors or entitled to dividends. Disclosure in clause 20(a) of Form No. 3CD alone does not establish payment in lieu of dividend. en-us Thu, 12 Nov 2026 08:39:11 +0530 Thu, 12 Nov 2026 08:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105968 Statutory bonus paid to non-shareholder workers is deductible under section 36(1)(ii) when it would not otherwise be payable to them as profits or dividend. The restriction targets profit distributions to shareholders disguised as remuneration. Statutory minimum bonus based on wages is an obligation independent of any decision to distribute profits. Bonus sheets and books of account established payment, and no material showed that the recipients were shareholders, directors or entitled to dividends. Disclosure in clause 20(a) of Form No. 3CD alone does not establish payment in lieu of dividend. Highlights Income Tax Thu, 12 Nov 2026 08:39:11 +0530 https://www.taxtmi.com/highlights?id=105968