14 January 2016
Expenditure which has incurred wholly and exclusively for the purpose of business are allowable. . However, the expenses for which originally the customer is liable and incurred on their behalf- have to be recovered from the respective customers and as such are not allowable. .
14 January 2016
Thanx Paras Sir Sir what if stock brokers don't take reimbursement from clients ? I mean stock brokers pay expenses on behalf of clients but they don't claim that expenses as their reimbursement from clients
CAclubindia
