UN PAID BONUS

Is it mandatory to transfer to Labour welfare fund if unpaid bonus in our books of account as a Pvt Ltd co
Replies (3)
Quick Summary
This discussion clarifies the mandatory requirement for private limited companies to transfer unpaid bonuses to the Labour Welfare Fund. It confirms that if bonus payments are recorded in your accounts but remain unpaid, these funds must be allocated to the welfare fund. The consensus is that this transfer is indeed a requirement.

Yes bonus unpaid should be paid
My qtn is whether we have to transfer labour welfare fund account
Yes Transfer to fund account

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