Taxability on reimbursement of business related expenses
This query is : Resolved
CA RAUNAK JAIN
(Querist)
16 May 2013
Whether entertainment reimbursement related to business is exempt from tax to employee.
CA Mayank Chopra
(Expert)
29 May 2013
If it is to the extent related to the business of the company, then only it will be allowed. I have seen in many cases of my client they book the personal expenses as well in entertainment expense such as shopping, family travelling, household expenses, same will not be allowed by AO if case comes under scrutiny.
Pls feel free for any clarification.
Regards
CA Mayank Chopra
+91-971777-5548
Pls feel free for any clarification.
Regards
CA Mayank Chopra
+91-971777-5548
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