if a company pays certain amt in cash to its director's house maid..... which is for the personal purpose of the director...which acc should be debited by the company???.... can it be the directors personal acc???... or what else can be debited????
Rohan (Chartered Accountant) (50 Points)
28 August 2010if a company pays certain amt in cash to its director's house maid..... which is for the personal purpose of the director...which acc should be debited by the company???.... can it be the directors personal acc???... or what else can be debited????
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 28 August 2010
Debited to director personal account
Chinmay
(Accounts Professional)
(356 Points)
Replied 03 September 2010
I think it is included in Director's salary as “Perquisite”.
Dinesh Kumar Agarwal
(Article clerk)
(117 Points)
Replied 20 September 2010
Mr. Navin jain is Correct and also refer to IT section 17(2)(iii)
Samrendra
(Asst. Manager- Internal audit)
(221 Points)
Replied 30 September 2010
| Originally posted by : Chinmay | ||
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I think it is included in Director's salary as “Perquisite”. |
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