08 January 2016
One of our employee (business manager) working in abroad.We pay him monthly Rs.74800/-(Net salary). and we paid him Rs.1,50,000/- as incentive BUT not yet booked in accounts.
Kindly advice how we show the same and how make his form 16.
09 January 2016
Will you specify the mode of payment ? It should be by cheque only. Cash payment is disallowable U/s 40A(3). Comply the TDS provisions also. Form 16 is required to be downloaded from Traces site. .
CAclubindia
