Set-off Previous Prov. of Medical & LTA for current f.y.exp.

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Guest

Guest (Querist)

01 May 2010 Hello everybody please help me regarding to Reimb. of Medical Exp. & LTA.
(Medical & Lta is the part of the CTC)

I have allready provision for last f.y. but some employee is absconding in current f.y.

so provision of medical & lta is not paid

my auditor is ask to me i can set-off previous provision to current exp.

please help me

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 May 2010 My view, auditor is correct since the employees are absconding there is no actual liability to pay and same has to reverese and actual liability for this year need to provide the effect of set off also the same so it seems ok

Guest

Guest (Querist)

01 May 2010 thanks

with kind regards
rahul sharma

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