Salary payable

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..... Salary payable
Query (Issue) Started By: - yujin kim Dated:- 4-5-2012 Last Reply Date:- 12-10-2012 Income Tax
Got 1 Reply
Income Tax
We need your help. Our company has foreigner employee .....

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..... . 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 p .....

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..... ut 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 =132000 .....

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..... 0 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 .....

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..... paid income tax outside of India & India together. Reply By CA GOPALJI AGRAWAL: The Reply: Unable to understand yr query
Discussion Forum - Knowledge Sharing .....

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