Staff welfare expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2014 if some business related guest visit at my company or coming as guest and we made expenses says foodies and snacks....can i include it into staff welfare expenses?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

26 November 2014 Include it under hospitality expenses or entertainment expenses or general expenses

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

26 November 2014 it comes as business promotion exp only.

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 November 2014 its as business promotion exp or customer entertainment exp.

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 November 2014 its as business promotion exp or customer entertainment exp.

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 thanx guys

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 alcohol expenses are allowable or deductable???

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 November 2014 It will depend upon the nature of transaction. The hospitality pre say does NOT bar expenses on licquor.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

27 November 2014 yes if u can prove that its business promotion exp

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 thanks a lot...bt in the gujarat the licquor and alcohonic for human consumption is prohibted and against the rules..so sir can i still claim for the deduction with same

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 November 2014 It will depend upon the situation.
There are many people in our country who carry with them excise liscence to hold, transport, consume licquor. Gujarath is also NOT exception to these people.
There are instances where Gujrath people honour the requests of their guest and take them to nearby Wapi area.....So? the point is it will depend upon the situation.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

27 November 2014 excise and income tax are seperate laws and in this case rather then the governing law it is the subject matter of exp i.e liquor as served to guest for business promotion or not is to be checked and if its proved then whther in guj it is banned and all such things shall not disallow the exp

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 but if the owner of my company and the business visitor have no licence for it. and they consume and drunk it....in this situation it is deductable by showing business promoyion expenses

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 November 2014 Wisdom prevails. You have to take the call without STRETCHING the situation to a dead lock end.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

27 November 2014 whether u serve with or without licence its not imp as i said wat is imp is ur exp is promoting ur business or not

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 so i can write it under business promotion exp and can i claim for it

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

27 November 2014 yes in case u can prove that it is a business promotion exp then yes