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Medical reimbursement
HELLO FRIENDS
CAN COMPANY ( PRIVATE LIMITED) REIMBURSE MEDICAL EXPENSE TO DIRECTOR? IF SO THEN WHAT IS THE LIMIT OF MEDICAL REIMBURSEMENT EXPENSES PER DIRECTOR? IS IT ALLOWABLE EXPENSE UNDER INCOME TAX?
Replies (2)
Reimbursement of medical expenses may be allowed as managerial remuneration to directors.
THANKS ANKIT SIR FOR GUIDING.
ACCOUNTING ENTRY
DIRECTOR REMUNERATION DR.
TO BANK CR
(MEDICAL REIMBURSEMENT)
IS IT CORRECT?
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