Wine Expenses is allowed
This query is : Resolved
20 January 2009
IS wine expenses is allowed as per income tax act or not.
there is nay restriction in company law ?
As there is no bills for these types expenses and all are in cash.If we are claiming these expenses as staff welfare/Business promotion.These can be disallowed at the time of assessment ?
Kamal
IS wine expenses is allowed as per income tax act or not.
there is nay restriction in company law ?
As there is no bills for these types expenses and all are in cash.If we are claiming these expenses as staff welfare/Business promotion.These can be disallowed at the time of assessment ?
Kamal
20 January 2009
Yes, these are admissible. However, any expense which is not properly vouched and supported by the documents to justify the incurrance of such expense may be disallowed.
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