Hi, Can anyone tell me if TIPS paid on hotel / restaurant bills be claim as an expenses.
1 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 21 October 2009
Yes, Such expenses can be claimed as expenditure under the head "Misc expenditure", coz for "tips" paid at the hotels or restaurant there is no provision for issuance of bills. So claimed it as misc expenditure.
regards,
ratan
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
