OT & MEAL EXP
This query is : Resolved
19 February 2008
We have taken labours from contractors in our factory and we are paying montly to the contractors towards wages apart from ot and meal expenses to labours..
pl..tell me accounting treatment in books..
pl..tell me accounting treatment in books..
19 February 2008
Please clarify how you are paying OT to the labourers under the contractors-directly or through the contractor's bill?
19 February 2008
Overtime wages to contract labour is to be treated as wages only but meal exp. is labour welfare expenses and liable to FBT
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