Food exp
This query is : Resolved
14 May 2012
Our company have many site project works, in the site for LABOUR,staff,experts,etc we provide launch & breakfast if they need (if work is pursing),it is the company policy.
Payment made is by voucher,
receiver is not providing bill or supporting for that exp met.
Whether food expense (voucher signed by receiver) is allowed or not, without bill or supporting.under income tax act.
With Regards
Suresh selva
Jr.Accountant.
Payment made is by voucher,
receiver is not providing bill or supporting for that exp met.
Whether food expense (voucher signed by receiver) is allowed or not, without bill or supporting.under income tax act.
With Regards
Suresh selva
Jr.Accountant.
15 May 2012
The expenditure is fully allowed subject to REASONABLITY. The project sites are normally in remote places, mofussil areas. The vouchers / cash memos are not sparingly used. Care be taken that it does not involve any amount of PERSONAL PROFIT of the employee.
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