Whether personal expenses of employees can be debited to profit and loss account as per companies act?
Whether personal expenses of employees can be debited to profit and loss account as per companies act?
not at all.
no it is not deductible.
as per "entity concept" business is to seperable from businessman.so, only those exp. which are incurred in relation to businees are only allowed for deduction.
No, not at all. Its comes under perqusite and taxable to employee.
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