Prateek (B.Com(H) PGDBA CA Final) (436 Points)
13 April 2012How can partnership firm claim Mobile expenses of partner ( connection is in name of partner and his residential address).
How can firm claim full amount or lets say 50% of the bill.
Is this part of remuneration.??
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 13 April 2012
The firm can claim the mobile expenses of he partner. However you will have to prrove to teh satisfaction of the AO that the mobile is being used for legitimate business purpose. for this you can provide an itemised summary of the phone calls made from the mobile of the partner, whihc will will proove that the mobile was being used for the purpose of teh business.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
