EPF LATE FEE RELATED
This query is : Open
20 February 2020
DEAR EXPERTS,
HOW CAN I PUT THE JOURNAL ENTRY FOR EPF LATE FEE.
HOW CAN I PUT THE JOURNAL ENTRY FOR EPF LATE FEE.
20 February 2020
DR INT CHARGES A/C AND IT SHOULD BE DISALLOWED UNDER COMPUTATION OF INCOME TAX.
29 February 2020
@Mathenthiran: I think you have asked from accounting point of view..
Hope EPF liability was created along with the salary.So you may book the excess payment as interest in the payment entry..
EPF Payable /EPF Liability A/c Dr
Interest A/c Dr
To Bank
Else Alternatively:
Pass journal entry for interest portion:
Interest A/c Dr
To EPF Payable/EPF Liability
EPF liability
to Bank
If interest portion is not accounted properly then
there will be debit balance in EPF liability ledger
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Invoice V/S Goods receipt Note Date
- Value of property in capital gain
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
