Expense allowable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2012
Whether DIN expenses incurred for the director of the company can be claimed by the company?whether it is allowable as an expenditure as per companies and Income tax act?
04 September 2012
for a new company, it should go to PRELIMINERY expenses. For an existing company, it is deferred revenue expenditure. (Considering the amount of money involved, may be reckoned as revenue expenditure for an existing company.
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