Hi Respected Members,
Please educate me that if we like to allow relief to our employee to reduce his loan.
How can we do it ? Please also share journal entry.
Thanks in advance for your precious time and efforts to reply this query.
AA-21 (Relaunch)-Wavier or Relief Allowed to Employee From Their Loan
Replies (2)
Quick Summary
Kind response awaited from respected members.
To relieve an employee from their loan, pass an expense or salary debit entry for the waived amount and credit the employee's loan account to square it off, keeping applicable perquisite tax and TDS rules in mind.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
