Consider case of firm registered providing taxable services of interior designing & taking cen vat credit on input services, all accounting going good.Now partners want to book their travelling expenses to office & home as business.As they may provide reimbursement of refreshment/travel to employees.Can owners claim their expense as business expenses?
Yes they can claim them as a business expenses.
Although they just need to make a note regarding these travelling and make it considerable.
So does it mean,what is written as travelling expenses of owner/Direcotors as travelling is an admissible expenses.Even if it is from home to office travel.Is thereany tds/other statutory requirement for same.
R P S K & Associates
Nashik
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
