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Expenses to director of a private company

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2014 Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 June 2014 Business purpose test should be applied to decide whether it is for business or for personal purpose
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2014 if it is for personal then what head?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 June 2014 charge it to director salary

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