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Office Expenses Rules

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non
126 Points Joined July 2010
If there any limit for amount to show under office expenses. Any specific rule for office Expenses. plz assist
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On 07 May 2022 at 16:09 Report
Replies (5)
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CFO- at NHTF
58280 Points Joined August 2012
There is no such limit .
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On 07 May 2022 at 19:29
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No more limits.
If cash expenses then not exceeding 10k.
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On 08 May 2022 at 08:24
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CFO- at NHTF
58280 Points Joined August 2012
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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On 08 May 2022 at 08:37
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Profession Business
28196 Points Joined May 2017
Though there are no limits but there is an internal control of the management.
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On 10 May 2022 at 09:38
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CFO- at NHTF
58280 Points Joined August 2012
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
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On 10 May 2022 at 19:00

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