CA CS Amit Borade (Chief Accountant) (2828 Points)
07 June 2011Hi Guys
Provision made for Entertainment allowance ( i.e. unpaid ) by a company can be allowed as Expenses under the provisions of Income tax act?
Thanks.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 07 June 2011
such allownce is part of "taxable salary" and to be treated at par with unpaid salary
CA Sumat Singhal
(Credit Analyst/ Financial Services/ Accounts & Finance)
(3677 Points)
Replied 08 June 2011
CAclubindia
