do whether the following are covered under AS18?
> Indian company who have paid PF and TDS to the Government?
thanks
chirag
1 Replies
CA Chirag
(Chirag Sheth & Associates)
(1183 Points)
Replied 05 June 2012
hi friends,
sorry. the details which are mentioned above are only partial and have written in hurry. the actual facts are a under.
suppose X is a multinationaly company. it had several branches all over the world. the company had open one manufacturing plant as well as unit in INDIA. the company initally engaged various expats at INDIA plant. the company had paid these various expats their salary and other expenses like house rent, car hire charges etc., Rent and car hire charges are paid for the period for which they reside in INDIA. The company had also paid PF AND TDS for these various expats also. Do the company is required to disclose the transaction related for PF and TDS in respect for such expats as per AS18? Do company is required to give details on accrual basis?
please guide.
thanks
chirag.
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