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personal exps of directors

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(Querist)
19 December 2009 Can personal exps of directors of public ltd. and private ltd. companies be debited to comapny's accounts???

Are these exps tax deductible???

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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
19 December 2009

No, these personal expenditure are not allowable in Income-Tax.

However; if resolved; the directors can be given special allowances which may be deductible according to the working and performance of the directors.

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