More than 3 year old unclaimed balances ex employees
This query is : Resolved
13 November 2013
hi we are having more than 3 year old unclaimed balances in employee accounts in our company whiche were never claimed by the ex employees post their exit from the company
can u suggest treatment for the same
regards
nirpinder
can u suggest treatment for the same
regards
nirpinder
13 November 2013
In my opinion you should retain this balance as it is for 2 years more if even then it remains unclaimed then this amount would be treated as expenditure written back and tax to be paid on the same amount as it would be your income then.
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