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?
Menu
Statutory audit
Replies (3)
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.
No Tds will not come. Since they are the partner either they can submit bills or can claim through voucher
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
