MISCELLANEOUS EXPENSES

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Vishnu Agarwal

Vishnu Agarwal (Querist)
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08 August 2008

WHAT IS THE MEANING OF MISCELLANEOUS EXPS.?

Vishnu Agarwal

Vishnu Agarwal (Querist)
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08 August 2008 AND EXAMPLES OF IT.

Vishnu Agarwal

Vishnu Agarwal (Querist)
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08 August 2008 REPLY AS EARLY AS POSSIBLE

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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09 August 2008 Miscellaneous expenses are those expenses which are not broadly classifiable and which are not of a recurring nature and not related directly to the activity of the concerned enterprises. As per Income Tax the expenses covered by section 37 generally fall under the class of Miscellaneous Expenses. Moreover, expenses which are less than 1% of the sale, turnover or the receipt are not required to be disclosed under the specific head of that expenses and the nature and the recurrence suggests that these may be grouped under a general head may fall under the Miscellaneous Expenses category.

Vishnu Agarwal

Vishnu Agarwal (Querist)
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09 August 2008

thanks

Vishnu Agarwal

Vishnu Agarwal (Querist)
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09 August 2008

Thanks a lot

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