Treatment of food, Grocessary items at directors' residence
This query is : Resolved
Prakash Joshi
(Querist)
08 May 2023
Where the directors of a company work from home where company staff, visitors and clients visit frequently can the company book the following expenses in the company books.
1. Grocessory, vegetables, fruits, toileteries etc.
2. Electricity charges,
3. Telephone Expenses
4. Salary of domestic Staff hired at the residence
5. Repair & Maintenance expenses of company owned a/c and other electric equipements installed at the said residence.
Can the above expenses be booked in company books or they are a perquisites to be added to directors salary income.
P.C. Joshi
1. Grocessory, vegetables, fruits, toileteries etc.
2. Electricity charges,
3. Telephone Expenses
4. Salary of domestic Staff hired at the residence
5. Repair & Maintenance expenses of company owned a/c and other electric equipements installed at the said residence.
Can the above expenses be booked in company books or they are a perquisites to be added to directors salary income.
P.C. Joshi
CA R SEETHARAMAN
(Expert)
08 May 2023
Proportional expenses can be booked on company books balance treat it as perks
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