hello,
if i have tenant in my company , i will give them electricity reimbursmnt bill and show in my accounts as indirect income is that right. plz sugges.
hello,
if i have tenant in my company , i will give them electricity reimbursmnt bill and show in my accounts as indirect income is that right. plz sugges.
no. your intention is wrong.
reimbursement of amount is not an income.
as per your case ititially you are paying electricity bill onbehalf of your tenant. i.e. adv given to tenant.
when you are collecting money from your tenant. i.e. collection of advance money given to your tenent.
so reimbursed amount can't be considered as income.
NOte: if your expenditure is reimbursed by some body is income.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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