Expenditure on director's surgery
This query is : Resolved
VISHAL GARG
(Querist)
23 May 2016
Hii Experts,
My question is whether expense on director's surgery is allowable to company or not? If allowable under which section/case law.Because if it is allowable then we can get benefit of 30%.Or Is it better to reimburse the same to director as salary reimbursement.Which option is preferable? and Why?
My question is whether expense on director's surgery is allowable to company or not? If allowable under which section/case law.Because if it is allowable then we can get benefit of 30%.Or Is it better to reimburse the same to director as salary reimbursement.Which option is preferable? and Why?
Amol S Joglekar
(Expert)
23 May 2016
better to give it under salary....... surgery per se is not allowable expenditure under income tax act
23 May 2016
Not an allowable expenditure for company. Inference - CIT Vs. Shanti Bhushan reported in TIOL-DDT 1621 (Del).
Rupesh Jain
(Expert)
23 May 2016
it is not the company expenditure.
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