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Querist : Anonymous

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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?
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CA. Anoop Gadia

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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.
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Shudhanshu Agrawal

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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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