Bonus outstadning
This query is : Open
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..!!
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....
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Putting a heading on received mail
- Gift Received from nonblood relative
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
