personal exps of directors
This query is : Resolved
19 December 2009
Can personal exps of directors of public ltd. and private ltd. companies be debited to comapny's accounts???
Are these exps tax deductible???
Please reply
Are these exps tax deductible???
Please reply
19 December 2009
No, these personal expenditure are not allowable in Income-Tax.
However; if resolved; the directors can be given special allowances which may be deductible according to the working and performance of the directors.
No, these personal expenditure are not allowable in Income-Tax.
However; if resolved; the directors can be given special allowances which may be deductible according to the working and performance of the directors.
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