Expenses

Hi,

1. In company, Coffee and Biscuits expenses done by employer is eligilble for deduction or not and under which head 

2. In Company, Lunch to employees on special occesion done by company is eligilble for deduction or not and under which head .

3. In Company,Visit of client from Foreign for business purpose then it is deductible under which head of expense.

4. If we purchased Computer parts for company not for the purpose of sale then it will be recorded under which head assets or expense and at what rate we can charge debriciation on these asset.

Replies (1)

1. & 2. Head: Staff Welfare Expenses; Eligible for deduction.

 

3. Head: Business Promotion Expenses; Eligible for deduction

 

4. Head: Computer & Parts, Under I.T. Act, you can charge dep. under Block 10 @ 60 % p.a.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details