Disallowance of medical expenses
This query is : Resolved
08 November 2013
Dear All
The company has incurred medical expenses of the director in cash havin bill of 200000 and 60000. director will be taxed this perquisite as it is more than 15000 as per sec 17 but the point is weather company will be allowed dis exp as deduction?????
Pls reply asap
The company has incurred medical expenses of the director in cash havin bill of 200000 and 60000. director will be taxed this perquisite as it is more than 15000 as per sec 17 but the point is weather company will be allowed dis exp as deduction?????
Pls reply asap
08 November 2013
Yes,
It would be allowed as deduction in the hands of the company subject to terms of appointment of Director.
It would be allowed as deduction in the hands of the company subject to terms of appointment of Director.
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