Foreign education expense of director/owner ' son in private limited

Tax planning 167 views 1 replies

director cum owner is sending his son to Canada for bachelor(BBA) degree in finance and operations. the activity of the private limited is manufacturing of utensils. can the owner book such education expense in the books of the company?

PS : the son has never worked in the company in past. 

Replies (1)
It depends on company policy. As a director whether he is entitled . Then the company can bear such expenses.


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