Writing of salary of previous years
This query is : Resolved
Sameer Goyal
(Querist)
22 March 2022
we had booked salary in previous years but due to COVID did not pay in full. later on, when the management decided to pay back the deductions, the employees were not traceable as they were mostly labor class. now, can the company write-off the expense in the current year or there would be some legalities involved in it
CA R SEETHARAMAN
(Expert)
22 March 2022
No legalities involved take it to other income.
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