Expenditure for Functions-Allowability
This query is : Resolved
16 July 2010
Please advise whether expenditure in connection with Silver Jubilee Celebrations of the Company is admissible as business expenditure. The expenditure is likely to be about Rs 25.00 lacs including (a) Rent for Function Hall and Furniture, (b) Hotel accomodation for Distributors and Agents attending from other Cities, (c) Lunch and Dinner, (d) Transport, (e) Publicity in News Papers and TV and (f) Gifts as well. Please quote any circular or case law references
17 July 2010
Except gifts all are allowed fully. In the case of gifts it is for specific persons like senior employees it will be allowed but it will treated as perquisite. If the value is small ie for all same item is given then it will be allowed.
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
- Is any professional CA is here please reply
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
