Presentation of certain expenses in P&L

Dear Sirs,

                 Kindly advise as to how the following expenses must be presented in P&L:

1)    Medical Expenses of Employee borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Medical Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

 

2)    Petrol Expenses of a Vehicle owned by Employee (But used for official/business purposes) is borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Petrol Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

 

 

3)    Actual Conveyance expenses of Employee is borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Conveyance Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

                                                                             

Also kindly mention the relevant sections applicable to the above,if possible.

           Please reply at the earliest.

Thank you

Replies (1)
Originally posted by : Ashok


Dear Sirs,

                 Kindly advise as to how the following expenses must be presented in P&L:

1)    Medical Expenses of Employee borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Medical Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

Form part of perquisites upto Rs. 15,000/-. Expenses in P&L
 

2)    Petrol Expenses of a Vehicle owned by Employee (But used for official/business purposes) is borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Petrol Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

Form part of perquisites upto Rs. 2,400/-. Expenses in P&L
 

 
3)    Actual Conveyance expenses of Employee is borne/reimbursed by Employer. In such a case should such expenses be shown as  i) “Conveyance Expenses” in P&L  or ii) should they be included as a part of “Employee’s Salary”?

Expenses in P&L.                                                                            


Also kindly mention the relevant sections applicable to the above,if possible.

           Please reply at the earliest.

Thank you

Let others also reply. I could be wrong.

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