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Should OPC director give invoice and receipt to OPC ?

Others 315 views 6 replies

Should OPC director give invoice and receipt to OPC for salary ?  If not, how will OPC as well as director account for that? Thanks :)

Replies (6)
For salary payment invoice is not required
Originally posted by : Sourav
For salary payment invoice is not required

Thanks sourav sir. So what documentation will director have for salary payments ?

No invoice required.
Just pass entry through journal and payment voucher. Deduct tds

Further, pay slip can be generated by the company for records

Salary pay slip should be generated
Opc is not required to issue invoice for salary, but you can generate pay slips and deduct the required amount of TDS, if applicable


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