Office expenses etc

376 views 5 replies

Hi.,

I am paying office expenses per month for tea cold drinks etc around Rs.7000/- , the service is provided by local tea vendor unregistered, as per daily expemption limit of rs. 5000/- i think, i need not pay anything on above expenses.  Is it correct.

 

nair

Replies (5)
yes,but u have to consider rest of the expenses also per daily basis
Try to break these expenses over the month may be weekly so that you can decrease your tax compliance.
If you pay a single bill of 7000 on one day then you will come under RCM.

Yes, this was my doubt, to avoid tax liability I have to make fortnightly (50% base)payment ! that's ok.Tks

 

You just account it's daily basis. Then it's not under RCM if your URD purchases/expenses in one day ceiling limit....

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