Advance payment for Employee's training next financial year
This query is : Resolved
urvashi bhatia
(Querist)
02 March 2020
Dear experts,
I would like to know if a Pvt. Ltd. Co. can pay in advance for their director's/employee's training and development in the current financial year for the next financial year?
How will it be treated?
How much can a Pvt. Ltd Co. spend on an employee's/director's training?
Your answers will be appreciated.
Thanks & Regards
I would like to know if a Pvt. Ltd. Co. can pay in advance for their director's/employee's training and development in the current financial year for the next financial year?
How will it be treated?
How much can a Pvt. Ltd Co. spend on an employee's/director's training?
Your answers will be appreciated.
Thanks & Regards
02 March 2020
Yes, Private Limited company may pay Expenses in advance subject to TDS but while finalizing books of accounts entry for Pre-paid expenses is required to be made.
Amount of Expenses depends upon nature of business in which company is engaged.
Amount of Expenses depends upon nature of business in which company is engaged.
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