Advanced Income Tax Act 2025
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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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