Meeting expenses

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mastan vali

mastan vali (Querist)
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20 June 2014 as per revised sheduel 6 to whic account meeting expenses must be debited

PRADEEP KUMAR VATS

PRADEEP KUMAR VATS (Expert)
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20 June 2014 Hi Mastan vali

See as per revised schedule, under the head indirect expenses, line item other expenses under Indirect expenses some expenses must disclose seprately like

1) Power & fuel
2) Rent
3) Repair & maintenance....9th
10)Miscellaneous expenditure

It is also mentioned that if any expenditure other than above is exceeding the limit
1,00,000 or
1% of revenue
whichever is higher
then show it separtely otherwise
you can take the same under miscellaneous expnediture i.e., point no.10.

Regards
Pradeep Kumar

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