Poonawalla fincorps
Poonawalla fincorps

Classification

This query is : Resolved 

12 January 2016 For a company pantry expenses and office celebrations ( birthday , diwali , workshop) should be classified under which head?

12 January 2016 If these are relating to employees then you can classify as employee benefit expenses. For workshop - sales promotion expenses. If amount are so small then you can classify these ass as a misc expenses

12 January 2016 Thanks.
Should i classify tea , coffee in pantry and other expense as employee benefits and workshop - sales promotion? ALso , when you conduct a workshop in the company do we need to deduct tds irrespective of the amount ?


12 January 2016 Yes. if you are talking about workshop within your company, its depend upon if consultant appoints or not, limit us 194J should be taken into consideration.

13 January 2016 Ok. Thanks a lot, Can you help me with one more query regarding outsourcing of work. i have already out up the query yesterday.

13 January 2016 Yes, X can book that expense only if in invoice seller's name is X.

13 January 2016 So even though the company has no input it this whole process just buying from one person and selling it to the other person, the in between company can claim the expense?

13 January 2016 you are talking about Job work? or Direct purchase and and direct sales as a dealer ? if job work then Cost of job work can be taken, if Readymade input from Y then the purchase price from Y can be taken.




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