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Misc or bribe expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 September 2010 Hi

Our manufacturing plant is under construction. For getting all registrations and all statutory clearances we are spending thousands of money as a bribe.

My query is how we can account this type expenditure with out any further problems from IT side.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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02 September 2010 nOT ALLOWED AT ALL,
IT IS BETTER TO BOOK THESE EXPENSE ANY OTHER MODE LIKE TAKING FAKE BILL OF OTHER EXPENSE.

mohinder kansal

mohinder kansal (Expert)
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02 September 2010 to give and take bribe is a criminal offence. if proved the involved person may be sent for imprisonment.

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