Legal exp entry
This query is : Resolved
Quick Summary
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
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
CA R SEETHARAMAN
(Expert)
16 October 2020
Treat entire expenses as legal expenses.
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.
It is paid from company account and TDs is applicable if I do full entry in legal exp. Pl advise now.
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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