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.
Menu
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
Recent Threads
- GST RCM Liability on Royalty on Gujarat State
- Head of income for TDS u/s 194JB
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
- LONG TERM CAPITAL GAIN ON SALE OF listed SHARES
- AI Tools for Accounting
- Commission are brokerage
Related Threads
CAclubindia
