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Office Expenses Rules

satender (non) (125 Points)

07 May 2022

If there any limit for amount to show under office expenses. Any specific rule for office Expenses. plz assist

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5 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 07 May 2022

There is no such limit .

RAJA P M ("Do the Right Thing...!!!") (127245 Points)
Replied 08 May 2022

No more limits.
If cash expenses then not exceeding 10k.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 08 May 2022

Office expenses can be based actual payments made . Limit is not prescribed . But you see a contractor providing stationary , staff welfare , Puja exp , birth day party celebrations etc all in one roof . 194C may come only in few cases

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sabyasachi mukherjee (26169 Points)
Replied 10 May 2022

Though there are no limits but there is an internal control of the management.

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 10 May 2022

Review the cash payment per person per day per expense as said by above member.

If it is above 10k cash payment in day per person per exp then it may attract disallowance under income tax