26 January 2012
if those people are shown as Employee (with proper offer letter, employee record etc) then these labour laws (along with TDS provision )will be attrated from employers point of view.
Since those people are not encashing their salary it may be treated as surrender of salary if empolyer has anything in this respect.The other view may be once the income is credited it becomes income of employee and they are responsible for its disposal.EMployees will be subject to Tax. I belive second view is more relevant since employer has credited salary But employees are not encashing.
Kuch Jugaad wali situation lagti hai as superficial entry.
26 January 2012
Vikas sir, thanks for your opinion but let me tel you some more about this issue
1. Employees are on proper payroll 2. TDS whereever applicable is properly deducted 3. Salaries are subject to ESIC & PF Deductions 4. Labour laws are applicable to orgnisation 5. cheques issued have not been encashed for more than 6 months.
so, i want to know what are the various provisions which will get attracted like. Delhi state labour laws, limitation ACT etc.
CAclubindia
