Employer give benefit to employee

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Accountant
98 Points Joined March 2014

MY QUESTION IS REALATED TO PVT. LTD. CO, CAN COMPANY GIVEN SOME BENEFITES TO EMPLOYEE LIKES GIVEN SOME RISE, WHEAT OR OTHER FOOD RELATED ITEM 

CAN ALLOWED IN COMPANY EXPENDITURE IN ACCOUNT AND GET INCOME TAX BEFITS PURCHASE VOUCHER BILL ARE MENTION WITH COMPANY NAME AND PAYMENT THORUGHT BANK  

NOTE :- COMPANY MAIN BUSSINES MFG. OF MEDICINE 

DEVANG SHAH

 

 

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On 27 September 2016 at 21:37 Report
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Practising CA
8944 Points Joined December 2013
Yes can claim as staff welfare expenses. But require documentation as to provided to employee only and employee must sign document of receipt of such goods ( Ensure that not used by director for his personal use ).
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On 27 September 2016 at 22:49
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Accounts Manager
1466 Points Joined August 2013

GOODS EXPLAIN BY RAJ SIR 

YOU CAN ALSO CLAIM AS FOOD EXPENSES (INDIRECT EXPENSES) 

BUT TAKE CARE  AMOUNT SHOULD  NOT HEIGH

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On 28 September 2016 at 11:31
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Accountant
98 Points Joined March 2014

Thx for your good explain & reply Mr. Raj Doshi & Mr. Mukesh Saini 

Devang Shah 

 

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On 28 September 2016 at 15:04


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