MSME Certified Income Tax Live Batch to commence from 25th January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Company Travelling Expenses

This query is : Resolved 

01 December 2021 I am working in IT (Information Technology) company and they have planning outside trip every year for employee's , So can company book trip expenses (i.e Bus Rent, Hotel Rent, Food Expenses) in there books of account. If yes what is the expenses limit.

01 December 2021 Yes, reasonable expenses allowed.
Staff entertainment is an allowable expense for corporation tax purposes provided that it is wholly and exclusively for the purposes of the trade. Common examples of this are meals, parties or other entertainment undertaken to boost staff morale.

02 December 2021 Dear R Seetharaman sir , Thanks for the reply.
There is any limit for the expenses.

02 December 2021 Actual expenses allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less