Reimbursement of Expenses
This query is : Resolved
Yajuvendra Rawat
(Querist)
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.
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Yajuvendra Rawat
(Querist)
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.
CA Sanat Pyne
(Expert)
22 June 2010
for official purpose- respective ledger.
For personal purpose - treated as perquisites
For personal purpose - treated as perquisites
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