If we pay the wages to a person in compliance of decision of a labour authority,where we shoul book in accounts,I mean under which head because it was not provided liability due to its uncertainity.Value is over two lacs
I need a guidance,Please.
Menu
Wages in compliance of labour court
Replies (2)
amount which is relating to current year to be shown under normal salaries and wages a/c.
amount which is relating to previous years to be shown as prior period item. As per AS 5 is applicable. It is to be shown separately.
Thank you very much ,Sir
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
