Payment on behalf of client
This query is : Resolved
17 February 2012
our co. had made a payment of rs 5.50 lacs on behalf of our client ,as a membership fees of golf club, how to deal with this entry and under wht head, any decided case law
18 February 2012
You can show this amount as recoverable from your client under " Current Assets"
18 February 2012
but this amount is not recoverable in future? then what to do?
20 February 2012
Expense off this. I dont know whether it is allowable as deduction in your ITR
Guest
Guest
(Expert)
02 March 2012
In case the expense is related to promotion of business then transfer to business promotion expenses. In many cases corporates gifts membership fees of clubs, gift vouchers, etc with aim to impress & build strong relation with clients/ custmores.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Capital gain on sale and purchase of plot
- FCRA 6 E- Intimation
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Resigning a auditor from the company for misconduct
- FORM 141 SDV query
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
