If the Managing partner of a partnership firm enrolls in a full time / part-time educational course like LLB, can the application fees, regular course fees, other related expenses, etc. be expensed from Partnership Firm's accounts ?
Menu
Can we expense professional education expenditure ?
Replies (4)
No, not allowed
No... It's not allowed in the Firm's account.
No. However, if Partnership firm is engaged in providing legal services then partner can show the same as employee related expense but that will be added to partners salary
no cannot
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
