Hi,
I have a proprietary firm Reveven Venetures registered in Ahmedabad where I Amit Kulkarni is the sole proprietor.
I am currently in pune.
I want to show Internet Bill I use here in my expenses as the company works in software field.
My question is - Bill is for an address in pune while the company is in ahmedabad . Will this be an accounting issue?
Apart from the address part , everything else is legit since its a computer firm
Please guide.
If internet is being used for business purpose, it can be charged to firm P&L.
Address does not matter.
| Originally posted by : kriru | ||
 |
- if company does not have any branch in pune, then who is using it in pune, is it the proprietor himself, and his residence is in pune? if yes or no then in both the cases
- how the bills are paid? by cash ? - avoid cash payments of such bills, use the company cheque / netbanking to pay such bills, to establish the direct nexus towards the use and payment,
|
 |
as the expenses is related to business it is deductable
no issues relating to address
As the expenses reletated to business , it is deductable, Address doest matter.
CAclubindia
