Limit - Director's travelling expenses

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..... Is there any limits to be restricted for a "Private Limited Company" for incurring expenses under the head "Directors' Travelling Expenses" for personal and official tour as per " company act 1956 an .....

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..... d as per Income Tax Act, 1961 . Please Brief me with related case laws if possible. - Reply By Surender Gupta - The Reply = Any expenses which are booked to the accounts as expenses must be reason .....

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..... able and related to business activity. Neither the companies act nor the income tax act allows personal expenses. You may also refer to related accounting standard issued by ICAI in this regard. Obvio .....

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..... usly the issue is debatable to the extent that sometime it is difficult to distinguish what is personal and what is official. - Limit - Director's travelling expenses - Query Started By: - Adoni Ragh .....

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..... avendra Dated:- 18-2-2009 Corporate Laws / SEBI / LLP - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanage .....

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..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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