WE ARE A MANUFACTURING UNIT OF PLASTIC HOUSEHOLD ARTICLES WE HELD A SALES CONFERENCE FOR OUR DISTRIBUTORS FOR WHICH WE SERVED THEM LIQUOR FOR ABOUT Rs.35000/- SO MY QUESTION IS CAN WE BOOK SUCH EXPENSE IN TO OUR ACCOUNTS IT IS ALLOWED OR NOT.
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Liquor purchased for sales conference is allowed as expenses or not
Replies (2)
if it is legal to consume lequor in the state where ur business registered then it is allowed but in states like guj it is banned and so it would not be allowed
yes you can book it as expense as sales promotion expense
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