Should OPC director give invoice and receipt to OPC for salary ? If not, how will OPC as well as director account for that? Thanks :)
Menu
Should OPC director give invoice and receipt to OPC ?
Replies (6)
Quick Summary
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
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
Recent Topics :
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
Related Topics :
CAclubindia
