Bribe
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2012
a company is paying Rs1500 per shipping bill to custom officer to get duty drawback claim.. u can say a bribe... its diallowable expenditure under I T act 1961... I want to knw hw we can shw ths transaction so tht its seems a general expenditue made by the company ralated to its business allowable u/s 37(1)
10 September 2012
If the whole year's bribe paid is not that big amount, then it can be shown under head misc expenditure or stationery purchased or labour charges paid etc.
But remember that you will have to prepare fake invoices.(in case you shows it as labour charges or misc exp then even "KACHHA BILL" will work.)
But remember that you will have to prepare fake invoices.(in case you shows it as labour charges or misc exp then even "KACHHA BILL" will work.)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- TDS on property - Form 141 query
- Exiting partner in partnership firm in gst portal
- TDS offline utility
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
