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Fired from Job, Due to Covid-19.

Lalit Pandey (Indian Business Researcher) (313 Points)

15 May 2020

If any company fired/terminate it's Employees from job by giving Reason Covid-19, and not paid Salary to them.
Then in which Section they are allowed to take Tax Benefits for Employees Expense and Which kind of Professionals Help them in do such by producing fake documents? in which Section/Clause of Audit Standards it is Allowed By ICAI?
Can anyone have answer of these questions?

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10 Replies

Asha Kanta Sharma (Manager - Finance & Accounts) (10519 Points)
Replied 16 May 2020

It is nowhere allowed. Nobody is allowed to take claim for false business expenses.

Lalit Pandey (Indian Business Researcher) (313 Points)
Replied 18 May 2020

But Companies do these things from a decade of times. they hold Employees salary, they hold their documents, they make bias policies towards Employees Stuck policies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 06 May 2021

The world is in close proximity to recession, so, small companies are already bankrupt, no one knows what it is like to operations under such conditions. So,e. Ountries are injecting billions of dollars to start a daily life. I wonder how much India will inject!!

Prachi Bansal (3124 Points)
Replied 13 May 2021

Its a difficult for businesses as well as people who have lost their job due to Covid-19.

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 13 May 2021

The news says tens of millions have become poor already in India. This is the end of everything. I am highly suspecting, once covid is over, they will raise taxes like 100%. Such a horrible thing going to happen for no ones mistake.

Prachi Bansal (3124 Points)
Replied 19 May 2021

It is like nobody's fault. The situation is such that many people are so helpless. If the gov decides to raise taxes then its going to be a horrible move from their end