CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6881 Points)
18 August 2011Dear all
Please suggest what treatement should be taken when there is huge balance lying in unpaid salary & wages incluing bouns etc. since 2001-2002 to 2010-2011
is there it is required to pay said amt in any Govt. Cont. if yes please also mention time period also
satish kumar Chauhan
(accountant)
(347 Points)
Replied 19 August 2011
you may reverse the same expenditure or craete a fund for emploee welfare and utlise the same for emploee welfare and it is not compulsry to deposit in gov. a/c
R SUBRAMANIAN
(NA)
(56 Points)
Replied 20 August 2011
It seems guidance had to be resorted to from the Labour Welfare Fund Act relevant to the State.
CAclubindia
