Certification Course on Practical Filing of Income Tax Returns
dear members
if we take our business client for lunch, then what account shall we open.
regards
it will be treat as business promotion exp. and u need to open a ledger in your books with the name of business promotion
thank u sir
It has to be treated as business entertainment costs.
Yes @ ashish also correct
Dear mambers,
Can you please give me examples which come under head Hospitality Expenses/Charges.
Thanks in advance
BUSINESS CLIENT LUNCH IS EXP. OF SALES PROMOTION EXP.(INDIRECT EXP.) AND HOPITALITY AND MEDICAL EXP. OF STAFF WALFARE EXP(INDIRECT EXP.)
U can book expenses in business promotion a/c
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