Maintain account and tax benefit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2016
One of our employee (business manager) working in abroad.We pay him monthly Rs.74800/-(Net salary). and we paid him Rs.1,50,000/- as incentive BUT not yet booked in accounts.
Kindly advice how we show the same and how make his form 16.
Thanks & Regards
Kindly advice how we show the same and how make his form 16.
Thanks & Regards
CA PARAS BAFNA
(Expert)
09 January 2016
Will you specify the mode of payment ?
It should be by cheque only. Cash payment is disallowable U/s 40A(3).
Comply the TDS provisions also. Form 16 is required to be downloaded from Traces site.
.
It should be by cheque only. Cash payment is disallowable U/s 40A(3).
Comply the TDS provisions also. Form 16 is required to be downloaded from Traces site.
.
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