is guest food expense allowed or disallowed
Menu
Guest food expense
Replies (4)
if it is related to business then it is allowed
Yes... It's allowed if it's related to business and You can book it as "Business Promotion"
u can not claim ITC in GST but u can claim it in p and l a c in income tax books
You Cannot Claim ITC,but you Booked as per Business Promotion/Sales Promotion
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
