Expenses to director of a private company


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2014 Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.

13 June 2014 Business purpose test should be applied to decide whether it is for business or for personal purpose

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2014 if it is for personal then what head?

13 June 2014 charge it to director salary


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