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Unrequired bills expenditure
Respected Forum, What are the expenditures that does not require supporting bills and also what is the limit for each expenditure in an accounting year
Replies (2)
MAX LMIT IS RS 50.00 OF ANY INDIRECT EXEPSNES FOR EACH ENTRY
Sir, Thank you very much for your reply, but I want to know is there any specified limit amount for a particular expenditure, for example, repairs and maintenance permitted limit to expedite in particular accounting year is say 5 lakhs,failing wihch the difference amount excess paid will be added back to income, like similar scenarios.
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