Directors personal exp.

Rajendra Sewda (none)     26 June 2019

Rajendra Sewda
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Respected Members,

what type of legal compliance to be kept in mind in following transaction

- Rent & electricity bill of Pvt Com.'s Directors paid by company and book as expenses.



Dipesh Jha (PRACTICE )     26 June 2019

Dipesh Jha
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The said expenses should be disallowed under income tax act😊


Aditi Ray (Manager)     27 June 2019

Aditi Ray
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Raj C Doshi (Practising CA)     29 June 2019

Raj C Doshi
Practising CA 
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If the premises are used for business,you might still charge it to P/L as rent and electricity expense and if required disallow some portion under income tax computation. another option is you can club it as remuneration paid to director and structure the remuneration in such a way that director can avail house rent allowance exemption atleast.


Pranav Worlikar   01 July 2019

Pranav Worlikar

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that expenses are disallowed

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