Unpaid salary
This query is : Resolved
20 September 2012
I Have Booked Salary Of 6 employee in the month of march as provisions, But 2 employees's salary pending to enter after finalisation of accounts,auditor can't refer it, so what should i do ?
20 September 2012
YOU CAN BOOK THE SAME AS SHORT PROVISION FOR SALARY AND TREAT IT AS PRIOR PERIOD EXPENSES.
Message likes :
1 times
20 September 2012
What is the reason for not making the provision at that point of time??
if you have forgotten to make the provision then it provision can be made now.
There is no effect of income tax on the above as provision for salary is not allowed as deduction and it will be allowed in the year when it is due.
if you have forgotten to make the provision then it provision can be made now.
There is no effect of income tax on the above as provision for salary is not allowed as deduction and it will be allowed in the year when it is due.
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
