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accounting of expenditure towards games and recreation

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07 December 2010 Please advice in which account (ie.name of account head) the expenditure incurred by the company towards games and recreation of employees will be accounted? Also pls advice whether it will be allowed as deduction by IT dept?

08 December 2010 Employee welfare exp.

Allowed under IT Act.

08 December 2010 Staff welfare or employee welfare / allowable under Income tax also


09 December 2010 Thank you very much



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