Bonus outstadning
This query is : Open
CA Bosu babu
(Querist)
13 July 2009
1.I have to pay salary to employess. but before that they have resigned and gone without taking salary. what i have to do in my books when payable is o/s for more than say 5years.
2. Bonus payable is outstanding for left employees(where they are no body knws) what i can do such amount in my accounts?
i have read somewhere that you have to tranfer to some govt account.
but i dont knw when we have to do? i mean time period. gimme details pls
2. Bonus payable is outstanding for left employees(where they are no body knws) what i can do such amount in my accounts?
i have read somewhere that you have to tranfer to some govt account.
but i dont knw when we have to do? i mean time period. gimme details pls
18 July 2009
No problem.
Reverse the entry by crediting the expenses and pay tax.
God blessed U
with employees
who have not collected Salary.
Also foregoing SALARY also taxable at the hands of EMPLOYEE..
Let God save them..!!
Reverse the entry by crediting the expenses and pay tax.
God blessed U
with employees
who have not collected Salary.
Also foregoing SALARY also taxable at the hands of EMPLOYEE..
Let God save them..!!
CA Bosu babu
(Querist)
19 July 2009
hello visu.....pls tell if u knw only....
and my question is what can i do with tht liability ,......you have to comply with the law....
and my question is what can i do with tht liability ,......you have to comply with the law....
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