if any expenses is incurred for a person who is unknown to u then that would be hospitality expenses and if he is known to u then it is entertainment expenses.
this is single way to differnitate the expenses into both category.
13 July 2009
THANKS HOW DO WE IDENTIFY BUSINESS FRIENDS OR UNKNOWN PERSONS ENTERTAINED DURING COURSE OF BUSINESS AS ENTERTAINMENT OR HOSPITALITY EXPENSES ARE BOT EXPENSES FULLY DEDUCTIBLE AS BUSINESS EXPENSES
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