If any company fired/terminate it's Employees from job by giving Reason Covid-19, and not paid Salary to them.
Then in which Section they are allowed to take Tax Benefits for Employees Expense and Which kind of Professionals Help them in do such by producing fake documents? in which Section/Clause of Audit Standards it is Allowed By ICAI?
Can anyone have answer of these questions?
10 Replies
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 16 May 2020
It is nowhere allowed. Nobody is allowed to take claim for false business expenses.
Lalit Pandey
(Indian Business Researcher)
(313 Points)
Replied 18 May 2020
But Companies do these things from a decade of times. they hold Employees salary, they hold their documents, they make bias policies towards Employees Stuck policies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 06 May 2021
The world is in close proximity to recession, so, small companies are already bankrupt, no one knows what it is like to operations under such conditions. So,e. Ountries are injecting billions of dollars to start a daily life. I wonder how much India will inject!!
Prachi Bansal
(3129 Points)
Replied 13 May 2021
Its a difficult for businesses as well as people who have lost their job due to Covid-19.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 13 May 2021
The news says tens of millions have become poor already in India. This is the end of everything. I am highly suspecting, once covid is over, they will raise taxes like 100%. Such a horrible thing going to happen for no ones mistake.
Prachi Bansal
(3129 Points)
Replied 19 May 2021
It is like nobody's fault. The situation is such that many people are so helpless. If the gov decides to raise taxes then its going to be a horrible move from their end
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 May 2021
We can’t help it, economy must recover. For this governments are raising wages probably in the future.
Prachi Bansal
(3129 Points)
Replied 19 May 2021
We can only wait for situation to get better and the economy to revive back to normal
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 May 2021
This is not going to happen soon... with the nasal spray it is possible.
Prachi Bansal
(3129 Points)
Replied 22 May 2021
| Originally posted by : yasaswi gomes | ||
 |
This is not going to happen soon... with the nasal spray it is possible. |  |
I didn't quite understand what this meant. Can you explain it a little in detail?
Recent Topics
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
Related Threads
CAclubindia
