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Arundhati Raychaudhuri (no designation)     06 August 2012


company pays personal travelling and club bills of director. will the expenses be shown as perquisite in the directors computation? will the expenses be added back in the company's books while IT computation?

 1 Replies

Saurabh Maheshwari

Saurabh Maheshwari (,ACA)     06 August 2012

Ye, for the directors  his personal exps met by the co. is a Perk.

and the exps so made for prsonal purpose of the directors will be added back to the company's income, because only the  exps made to earn the income  can be claimed as deduction. 

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