Reimbursement of Expenses
This query is : Resolved
22 June 2010
Dear Sir's & Friends,
In our company we pay some part of the salary in the form of reimbursement to an employee, now this employee shows bills agnst expenses incurred such as Petrol Exps, Repair & maintenance of Car, Mobile exps etc. Every month these expenses are shown by the employee and later on the same is reimbursed, threshold limit of these monthly expenses are 35000/-, we pay him only this amount whether or not he has shown bills for the same. My question is can we debit all these expenses showed by him under respective ledgers or the expenses reimbursed should be considered as Reimbursement of expenses under Staff Salary head. Please help
In our company we pay some part of the salary in the form of reimbursement to an employee, now this employee shows bills agnst expenses incurred such as Petrol Exps, Repair & maintenance of Car, Mobile exps etc. Every month these expenses are shown by the employee and later on the same is reimbursed, threshold limit of these monthly expenses are 35000/-, we pay him only this amount whether or not he has shown bills for the same. My question is can we debit all these expenses showed by him under respective ledgers or the expenses reimbursed should be considered as Reimbursement of expenses under Staff Salary head. Please help
22 June 2010
show expenses under respective ledger.
Message likes :
1 times
22 June 2010
Dear Sanjay,
Car is not of the company it is of the employee. We are just reimbursing expenses met by the employee. How can we debit expenses made by him on his own car to our respective ledgers. It is purely reimbursement in nature and the same should be shown as reimbursement according to me. It will be helpful If you can please justify your answer.
Car is not of the company it is of the employee. We are just reimbursing expenses met by the employee. How can we debit expenses made by him on his own car to our respective ledgers. It is purely reimbursement in nature and the same should be shown as reimbursement according to me. It will be helpful If you can please justify your answer.
22 June 2010
You can shown expenses under respective heads.
Just like remibursement of petrol expenses under the head Conveyance for official purpose.
Remibursement of mobile exp, under head telephone expense
No need to deduct tds on these expesnes
Just like remibursement of petrol expenses under the head Conveyance for official purpose.
Remibursement of mobile exp, under head telephone expense
No need to deduct tds on these expesnes
22 June 2010
AGREE WITH BANSAL JI.
22 June 2010
for official purpose- respective ledger.
For personal purpose - treated as perquisites
For personal purpose - treated as perquisites
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG FOR GOLD ETFs
- STCG on ETF gold & silver
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
