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
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
