accounting of expenditure towards games and recreation
This query is : Resolved
Harikrishnan
(Querist)
07 December 2010
Please advice in which account (ie.name of account head) the expenditure incurred by the company towards games and recreation of employees will be accounted? Also pls advice whether it will be allowed as deduction by IT dept?
08 December 2010
Employee welfare exp.
Allowed under IT Act.
Allowed under IT Act.
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CMA Ramesh Krishnan
(Expert)
08 December 2010
Staff welfare or employee welfare / allowable under Income tax also
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Harikrishnan
(Querist)
09 December 2010
Thank you very much
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