Expenses

Others 545 views 1 replies

Hi,

1. In company, Coffee and Biscuits expenses done by employer is eligilble for deduction or not and under which head 

2. In Company, Lunch to employees on special occesion done by company is eligilble for deduction or not and under which head .

3. In Company,Visit of client from Foreign for business purpose then it is deductible under which head of expense.

4. If we purchased Computer parts for company not for the purpose of sale then it will be recorded under which head assets or expense and at what rate we can charge debriciation on these asset.

Replies (1)

1. & 2. Head: Staff Welfare Expenses; Eligible for deduction.

 

3. Head: Business Promotion Expenses; Eligible for deduction

 

4. Head: Computer & Parts, Under I.T. Act, you can charge dep. under Block 10 @ 60 % p.a.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details