16 February 2009
suppose a Employee of the co.is hospitalized and for that purpose many of the other employees of the co. had gone to see him at the hospital for which they have incurred a exp of 7200/- for hiring of taxi Please advice me whether i can show this exp as Business Expenditure or the same has to be disallowed
if i can show it as a business exp. then what head i had to show please guide me
16 February 2009
Yes you can show this amount as business expenditure u/s 37 under the head of labour welfare by reimburseing the amount spend by the employees.
CAclubindia
