Allowable expenditure u/s 37(1)
This query is : Resolved
01 June 2012
The company owned a motor car which was provided to employee. The employee engage a driver for running of car. The company reimbursed such driver salary to employee. Whether such driver salary paid to employee can be charged by employee its Maintainence & repair of Motor car even such driver is not in employment of company. and such expenditure is allowable or not.
01 June 2012
Sir,
Per my view if car is provided along with driver then company can claim expenditure of drivers salary.
IF not then drivers salary will be termed as perquisite to employee.under section 17(2)(iv) or 17(2)(iii)-
Should you desire any clerification feel free to ask.
Per my view if car is provided along with driver then company can claim expenditure of drivers salary.
IF not then drivers salary will be termed as perquisite to employee.under section 17(2)(iv) or 17(2)(iii)-
Should you desire any clerification feel free to ask.
01 June 2012
Sir,
The ownership of car is of company. The company charged all running expenses like fuel etc. in his profit & loss a/c. Here in circumstances, Driver is not appointed by company but driver is hired/employed by employee himself. company only reimburse his salary to his employee. Can company claim the expenditure of such driver salary in his profit & loss & under which head it claim such expense.
The ownership of car is of company. The company charged all running expenses like fuel etc. in his profit & loss a/c. Here in circumstances, Driver is not appointed by company but driver is hired/employed by employee himself. company only reimburse his salary to his employee. Can company claim the expenditure of such driver salary in his profit & loss & under which head it claim such expense.
03 June 2012
dear rohit... for the employee it may be perquisite or allowance (depends on conditions)..
but as your query regarding the company... it is deductible u/s 37(1)
but as your query regarding the company... it is deductible u/s 37(1)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
