Can HUF claim reimbursement of medical expense
This query is : Resolved
28 December 2008
say there is a sole proprietorship business ' X Enterprises' whose proprietor is 'M HUF' and the karta of that huf is Mr. M. Now if he reimburses medical expenses of karta M, can he claim it as busuiness expenditure or not ? Will HUF be liable to FBT ?
28 December 2008
PROPRIETORSHIP IS NOT WITHIN PERVIEW OF FBT PROVISIONS TILL NOW
29 December 2008
HUF can claim medical expenditure. Prop. business is not under the preview of FBT.
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