Director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2010
Hi
Respected Member
Can any one help me?
I doing private co. tax audit in that case director's personal expenses is reimbures like conveyence and travelling etc.
SO what treatment should be done as auditor?
Respected Member
Can any one help me?
I doing private co. tax audit in that case director's personal expenses is reimbures like conveyence and travelling etc.
SO what treatment should be done as auditor?
CA. Anoop Gadia
(Expert)
15 July 2010
if directors expense incurred for company work purpose than it is allowed but it is wholly personal nature than it is disallowed.
Shudhanshu Agrawal
(Expert)
15 July 2010
Agree with the expert. If these expenses are related to business then they are allowed otherwise they will not be allowed.
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