All Respected members,
Please educate me on following:
If a firm pay contribution of some person's those are not employee of firm, in which account this payment of contribution will be recorded and will these expenses be allowed by tax authorities ?
Further, if firm also pay partner's of firm pension contribution from firm's fund, in which account this payment of contribution will be recorded and will this expense be allowed from tax authorities ?
Menu
AA-16-Payment of Pension Contribution Other Than Staff
Replies (5)
Response is awaited from respected members.
Response from respected members is still awaited.
Dear Dhirajlal and Narendra Sir,
Can you please help me out to reply of above query ?
Still waiting to receive response.
. When salaries are paid, the below entry is posted
Dr. Salary
Cr. Tds
Cr payables
Cr. Employee contribution
Cr. Own contribution
For employer’s own contribution to provident fund, the below entry is posted.
You can't contribute for outsiders
Recent Threads
- How to rectify Form 67 that is already submitted
- Which year to consider for Property tax if sold af
- Itr form for nil tax return
- FSI & FA for RSU Sale in ITR-2
- Capital gains taxation query vip 1
- TDS on sim card calling service
- ITC Claim 2024-25
- Transferring online money to father
- AY 2025-26 ITR 1,2 reg
- Development of site
Related Threads
CAclubindia
