MISCELLANEOUS EXPENSES
This query is : Resolved
08 August 2008
WHAT IS THE MEANING OF MISCELLANEOUS EXPS.?
WHAT IS THE MEANING OF MISCELLANEOUS EXPS.?
08 August 2008
AND EXAMPLES OF IT.
08 August 2008
REPLY AS EARLY AS POSSIBLE
09 August 2008
Miscellaneous expenses are those expenses which are not broadly classifiable and which are not of a recurring nature and not related directly to the activity of the concerned enterprises. As per Income Tax the expenses covered by section 37 generally fall under the class of Miscellaneous Expenses. Moreover, expenses which are less than 1% of the sale, turnover or the receipt are not required to be disclosed under the specific head of that expenses and the nature and the recurrence suggests that these may be grouped under a general head may fall under the Miscellaneous Expenses category.
09 August 2008
thanks
thanks
09 August 2008
Thanks a lot
Thanks a lot
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