23 August 2011
Dear Sir/Madam, We Accountants often visit various statutory Departments for various Statutory Jobs. Accordingly we do spend some amount of money over there for getting various jobs done.In which best suitable account head these expenses may be booked-can any one please tell me. Thanks & Regards,
24 August 2011
Mr.Dipen sen, This is a good question but giving of such money is a crime under other laws though u ask for a solution in accounting treatment. Any how it will be disallowed under income tax act... Please avoid giving amounts like this. If the records are correct, they wont ask any money like that.
CAclubindia
