I am a sole proprietor. I have the following expenses
1. Fuel Bills
2. Driver Salary
3. Uber Bills (Used to visit clients as well as come to office sometimes)
4. Food Bills (I order lunch daily, something I take a potential client out for lunch/dinner to present my service)
What ledger accounts in Tally should be created to correctly account for the above expenses?
Travelling expense & Conveyance are not the same thing!
Travelling expense is from office to customer or home to customer or customer to home or customer to office.
Conveyance is from home to office and office to home only
Is it correct?
For the purpose of payment of travelling allowance to its employees by Government, travelling allowance is for travel to outstations by modes such as train, flight, bus etc. Conveyance is for local travel within a station.
I am sole proprietorship of civil work contract i want pay the labour charges to labour is i have to deduct tds if labour salary is less then 20K
and i also paid labour for there meal and travelling exp and also house rent so how can i shoe this expenses in tally prime
please help me
Per person labour charges is less then 20k montlhy
| Originally posted by : Priya Ganeshh | ||
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Per person labour charges is less then 20k montlhy |  |
You mean labour charges like get services from any other supplier/creditors
Or
Labour means Employees....???
For all workers if it is 20k it's below the threshold for any TDS applicability. Anyways, tds not applicable here cause it's not perks. 192b also not applicable as per slab rates
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