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
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
