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
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 May 2022
No more limits.
If cash expenses then not exceeding 10k.
If cash expenses then not exceeding 10k.
Eswar Reddy S
(CFO- at NHTF)
(58275 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
sabyasachi mukherjee
(27734 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)
(58275 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
If it is above 10k cash payment in day per person per exp then it may attract disallowance under income tax
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