Arear salary
This query is : Resolved
23 June 2016
Salary related to past year paid in current year, in the past year's have not accounting for this salary.
(this salary related to increment in salary which pay with retrospective effect)
and the reason of increment is strike of labour for increment. please advice me for accountig for this arrear salary.
(this party under tax audit)
(this salary related to increment in salary which pay with retrospective effect)
and the reason of increment is strike of labour for increment. please advice me for accountig for this arrear salary.
(this party under tax audit)
23 June 2016
you can show as exp. seperately and under notes of accounts you have to mention that Rs. .... is related to the year .......
23 June 2016
in the incomet tax it is allowable,
and in current year we enter - arrear salary dr.
to bank
and in current year we enter - arrear salary dr.
to bank
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
