SETTELEMENT EXPENSES
This query is : Resolved
08 March 2009
DEAR SIR,
KINDLY LET ME KNOW WHETHER SUM PAID TO EMPOLYEE SETTELEMENT AFTER END OF SERVICE IS ALLOWABLE DEDUCTION UNDER PROFIT & LOSS ACCOUNTS AND INFORM WHICH KIND OF EXPENDITURE ???
SUHAIL AHMED
KINDLY LET ME KNOW WHETHER SUM PAID TO EMPOLYEE SETTELEMENT AFTER END OF SERVICE IS ALLOWABLE DEDUCTION UNDER PROFIT & LOSS ACCOUNTS AND INFORM WHICH KIND OF EXPENDITURE ???
SUHAIL AHMED
08 March 2009
HI
NORMALLY IF MERCANTILE SYSTEM OF ACCOUNTING IS FOLLOWED A PROVISION IS TO BE MADE. HOWEVER IF NO PROVISION IS MADE IN THE BOOKS THAN FULL EXPS. IS DEBITED TO P & L ACCOUNT UNDER HEAD EMPLOYEES REMUNERATION AND BENEFITS.
NORMALLY IF MERCANTILE SYSTEM OF ACCOUNTING IS FOLLOWED A PROVISION IS TO BE MADE. HOWEVER IF NO PROVISION IS MADE IN THE BOOKS THAN FULL EXPS. IS DEBITED TO P & L ACCOUNT UNDER HEAD EMPLOYEES REMUNERATION AND BENEFITS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
