A company pays to its directors, foreign travelling expenses for their personal visits abroad. Whether these will be treated perquisites in the hands of directors.
DUSHYANT KAPIL (CA) (52 Points)
20 April 2015A company pays to its directors, foreign travelling expenses for their personal visits abroad. Whether these will be treated perquisites in the hands of directors.
NAVIN AGICHA
(HELPING HAND)
(1313 Points)
Replied 20 April 2015
CA HAYEDAR SHAIKH
(Practice )
(627 Points)
Replied 20 April 2015
Dear Kapil,
Section 133-141 states that
Where a company pays expenses on behalf of any of its directors or grants allowances or benefits to any such director, the amount paid or granted shall be treated as a perquisite and included as income of the director.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
