Expenses

This query is : Resolved

pradeep sethia (Querist)
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16 February 2009 suppose a Employee of the co.is hospitalized and for that purpose many of the other employees of the co. had gone to see him at the hospital for which they have incurred a exp of 7200/- for hiring of taxi
Please advice me whether i can show this exp as Business Expenditure or the same has to be disallowed

if i can show it as a business exp. then what head i had to show please guide me

chetan soni

chetan soni (Expert)
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16 February 2009 Yes you can show this amount as business expenditure u/s 37 under the head of labour welfare by reimburseing the amount spend by the employees.

But you need to pay FBT on that amount.