List of valid expenses for directors

Pvt ltd 1325 views 1 replies

Is there any list of expenses which a Director is entitled to,  which can be put as company expense?

I am the Director of the company and I will be travelling with my wife and kid to other city by airplane. Can I put that expense as company expense?

Please let me know. 

Replies (1)

Only the expenses that are incurred wholly & exclusively for the purpose of carrying on the business of the company are allowed to be expended by the director.  The director of the company has to incur the personal expenses from teh remuneration paid by the company to the director.

However as stated by you if the airline expenses is related to teh business of the company then that can be shown as an legitimate expense of teh bsuiness.  However other personal expenses incurred by teh company on behalf of the director such as medical expenses, rent free accomodation, provision of car etc... can be considered as legitimate busniess expense.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details