hai, i just need your help about how to recognises gift from company to employee and double entry
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Quick Summary
This discussion covers the accounting treatment for gifts given to employees, specifically suggesting a double-entry method involving a 'GIFT A/C' and employee accounts. It also addresses the possibility of revising TDS returns for the financial year 2019-20, confirming that revisions are permissible even if the party hasn't claimed the credit in their Income Tax Return.