Expenses
This query is : Resolved
16 February 2009
suppose a Employee of the co.is hospitalized and for that purpose many of the other employees of the co. had gone to see him at the hospital for which they have incurred a exp of 7200/- for hiring of taxi
Please advice me whether i can show this exp as Business Expenditure or the same has to be disallowed
if i can show it as a business exp. then what head i had to show please guide me
Please advice me whether i can show this exp as Business Expenditure or the same has to be disallowed
if i can show it as a business exp. then what head i had to show please guide me
16 February 2009
Yes you can show this amount as business expenditure u/s 37 under the head of labour welfare by reimburseing the amount spend by the employees.
But you need to pay FBT on that amount.
But you need to pay FBT on that amount.
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