Menu
Proprietor foreign tour expenses
One of the Business concerned proprietor has gone to abroad for personal visit.
Can We take this expenses as Entertainment expenses in the business income, Whether it is allowable u/s IT act . If we not taken as entertain expenses, how can we show that the tour expenses
Replies (4)
no if it is personal visit that amount is personal in nature and will be dissalowed under section 37 of income tax act
show it as a part of drawings from capital instead of claiming as expenditure
if u can show any connection between the trip of the proprietor and the business...thn claim it as business expenditure..
Thank you for your valuable response of my query......... Thanks a lot.....!!!
Recent Threads
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
Related Threads
CAclubindia
