| Dear All, |
| Greetings!!. |
| We have come across a situation, where one of our employee went for business trip from HYD to PUNE |
| during the business trip he purchase liquor worth of 5000 Rs, and he is requesting for the total bill exemption from taxable portion of settlement (8000/-. |
| now i request expert opinion and taxability for the same. |
| Note: There is no specific policy for T&E in our case. |
| Thanks in advance |
Naturally entertainmemt expensea are internally generated goodwill and are expensed which include entertainmemt expenses. Google if entertainmemt expensea are deductible or non deductie.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
