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.
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Foreigntravelling expenses
Replies (2)
No, expenses will be disallowed for company
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.
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