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Salary payable , Income Tax |
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Salary payable |
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We need your help. Our company has foreigner employee. He paid his income tax . and submitted income tax return. But company hold his salary. means company didn't pay salary but we should put that amount "salary payable " in the Tally. But we didnt put that amt, so our CA also didn't put that amount in our balance sheet. This is 1 year before only(2010-11FY), so do we have to revise balance sheet? that salary payable amount is 1lac * 12 =1320000 Rs Everything we want to do legally and try to follow rule. What can we do The reason we didn't pay salary to that employee is we 've paid him salary ouside of India(another company) . and we've paid income tax outside of India & India together. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
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