Allowed as a training expense or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
Educational Expenses paid by private Limited company on behalf of their director is allowed as(Training Expenses) or not if study course is related with the nature of business.
08 August 2011
The expenditure should be paid on behalf of the Company. If company pays on behalf of the director, it means the liability of director has been discharged by the company.
.
If it is incurred for the training of director or any employee, and can be proved with the documentary evidences that the expenditure has been exclusively incurred for the purpose of business of the company it can be allowed as an expenditure.
.
If it is incurred for the training of director or any employee, and can be proved with the documentary evidences that the expenditure has been exclusively incurred for the purpose of business of the company it can be allowed as an expenditure.
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