Account heads

12069 views 2 replies

Can anyone please guide me regarding what is appropriate head for:

1) Toll tax paid (is "vehicle repair & maintanence" proper head)

2) Donation to gaushala & gurudwara (can it be shown under "Misc. expenses")

3) Expenses on Medical treatment of employee, injured during work (is "worker & staff welfare" appropriate)

 

Thanks in anticipation

Replies (2)

hi,

the following Account Heads can be used:

Toll Tax Paid:  It can be Rent, Rates & taxes or an alternative account head would be Duties & Taxes.  In the narration you can write the details of the taxes incurred.

Donation paid:  Please check if the entity to whihc donation is being paid is being eligible to claim deduction u/s 80G of the Income-Tax Act, if yes then show it as donatio & at the time of preparing the return you cna claim the deduction u/s 80G.  Else if the entity is eligible for claiming deduction u/s 80G then you cna show it under the head Office Expenses, so that you will be able to claim the deduction & the AO will not raise query, if your case selcted for scrutiny.

For Employee's medical expenses, you can show it under the head 'Employees Welfare Expenses'

Graphic design course fee paid by employer which is for company benefit under which head

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