OT & MEAL EXP

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ramesh vadnala (Querist)
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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..

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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19 February 2008 Please clarify how you are paying OT to the labourers under the contractors-directly or through the contractor's bill?

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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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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