Revenue expenses
This query is : Resolved
20 April 2013
Under what head should the expenses reimbursed to professionals providing service to the company be classified. For example, if a professional incurs some expenses to travel and then he claims separate reimbursement, how is that to be classified - as travelling expense of the company or should it be classified as professional fees/remuneration to professional?
Vivek Hebbar
(Expert)
23 April 2013
The travel expenses incurred by the professional and then reimbursed by the company has to be treated as payment to the professional.
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