Legal exp entry

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This discussion addresses how to correctly record a legal expense bill in Tally. The bill includes advocate fees and miscellaneous expenses. Advice is given to treat the entire amount as legal expenses, noting that Tax Deducted at Source (TDS) is applicable on the full amount when paid from the company account. Only actual reimbursements of expenses incurred on behalf of the company are permissible.

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(Querist)
16 October 2020 Hello Sir
I have received a legal exp bill for rs.40000/ from advocate under which legal fees is 30000/ and misc exp is 10000/. What will be the entry in tally.
Pl advise.
Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 October 2020 Treat entire expenses as legal expenses.
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sanjay

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sanjay (Querist)
17 October 2020 Sir
It is paid from company account and TDs is applicable if I do full entry in legal exp. Pl advise now.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2020 Yes, TDS applicable on full amount. Only actual reimbursement of expenses incurred on behalf of you allowed.
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