LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Unrequired bills expenditure

25 August 2016

Respected Forum, What are the expenditures that does not require supporting bills and also what is the limit for each expenditure in an accounting year

Reply
Follow
Share

2 Replies

Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 28 August 2016

MAX LMIT IS RS 50.00 OF ANY INDIRECT EXEPSNES FOR EACH ENTRY

Somesh Aradhyula (23 Points)
Replied 29 August 2016

Sir, Thank you very much for your reply, but I want to know is there any specified limit amount for a particular expenditure, for example, repairs and maintenance permitted limit to expedite in particular accounting year is say 5 lakhs,failing wihch the difference amount excess paid will be added back to income, like similar scenarios.