Consultancy Charges by Ex Employees
This query is : Resolved
Quick Summary
Yogeshwaran.D
(Querist)
21 July 2020
Hi,
My company has 2 ex employees who is supporting the company for business after retirement. I need to pay them around 30000 per month for which they will not provide any bill. Kindly suggest me that in which expenses head i have to account the same.
My company has 2 ex employees who is supporting the company for business after retirement. I need to pay them around 30000 per month for which they will not provide any bill. Kindly suggest me that in which expenses head i have to account the same.
CA KARAN SINGH
(Expert)
26 July 2020
Show it under the Ledger heading of Professional Charges.
Message likes :
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Yogeshwaran.D
(Querist)
30 July 2020
Sir, Thanks for your reply. Can I account without TDS Sir.
CA KARAN SINGH
(Expert)
30 July 2020
No, TDS has to be accounted @ 10%
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