29 April 2017
Ay 17-18 One of my clients has got sold a flat and on account of brokerage he has received a sum of Rs 7,50,000 from the builder. My client has turned 60 years on 31st March 2017. Now Rs 7,50,000 less Rs 3,00,000 = Rs. 4,50,000. Can I generate the Administrative Expenses of Rs 4,50,000 e.g. Employees salary of Rs 15000 per month x 2 employees = Rs 3,60,000 and out of Rs 90,000 conveyance, electricity charges, mobile phone charges, Refreshment Expenses, Hospitality, Customers Entertainment, Sundry Expenses, Printing & Stationery etc Please guide me and oblige.
CAclubindia
