Reimbursement of electricity expenses

CA Dheeraj Bansal (Chartered Accountant) (652 Points)

27 September 2011  

In facility management services Mall charges electricty expenses from shops. The electricity charges is for the payment by the mall on the behalf of shops to electricity board & use of generators. For this mall raise a proper bill. I want to ask that this electricity expense will form part of income or it is to be deductable as expense. and will it be considered for limit under tax audit

 

thanks