Sumit (Manager-Finance) (30 Points)
18 February 2020Hi, A US based company has a policy saying "All company purchased mobile phone should be expensed off (regardless of value". We, here in India, can follow the same or we need to treat it differently due to some provision of Companies & IT act.
Kindly provide guidelines in this regard, if possible/available.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4896 Points)
Replied 22 February 2020
You can get clarification from your company registered office or head office in US.
Sumit
(Manager-Finance)
(30 Points)
Replied 24 February 2020
Thanks Sir, but i want to know the requirement, if any, under Indian IT act or company act. what they (IT & Companies act) required.
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