Whether the out of pocket expenses incurred by directors on behalf of Company and then adjusted through journal entry attreact Sec 269 SS
thanks & Regards,
Ramesh Kr Verma
CA Ramesh Kr Verma (Partner) (138 Points)
25 August 2009Whether the out of pocket expenses incurred by directors on behalf of Company and then adjusted through journal entry attreact Sec 269 SS
thanks & Regards,
Ramesh Kr Verma
CA Harish Suwalka
(Chartered Accountant ( Bhilwara ))
(4125 Points)
Replied 25 August 2009
269SS IS ALL ABOUT ACCEPTING DEPOSITS OTHER THAN A A/C PAYEE CHEQUE OR DRAFT
AS YOUR CASE IS ABOUT REIMBUSRSMENT OF EXPENSES HENCE THIS WILLNOT ATTRACT 269SS
BUT YOU SHOULD GIVE A NOTE ABT THIS IN YOUR 3CD (AUDIT REPORT) FORM
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