hii....can anyone tell me what probably would be the treatment of unclaimed bonus being remained unpaid for a period of more than 5 yrs...
Geetanshu Manchanda (Student) (39 Points)
11 June 2010hii....can anyone tell me what probably would be the treatment of unclaimed bonus being remained unpaid for a period of more than 5 yrs...
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 11 June 2010
Unclaimed bonus of more than 3 yrs is trasferred to labour welfare fund.
Geetanshu Manchanda
(Student)
(39 Points)
Replied 14 June 2010
Whether a seprate account needs to be open with some regulatory authority or mere passing a journal is sufficent in this case,..???
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 14 June 2010
Passing a journal entry will be sufficient...
Geetanshu Manchanda
(Student)
(39 Points)
Replied 14 June 2010
hi...whether repairs of plant & manchiner attracts the provisions of section 194c for deduction of tds on contractors..???
prerna agarwal
(student)
(51 Points)
Replied 07 July 2010
Hi,
can sumbody plz tell me, where exactly does the company need to deposit the unclaimed wages and bonus outstanding for more than 3 yrs??
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