Tell me about allowable expenditure?
Submitted by: AdministratorAllowable expenditure:
☛the cost of goods bought for the business
☛the prime costs of running a business asse
☛wages and salaries of employees
☛heat, light and cleaning of business premises
☛repairs to and maintenance of business premises
☛postage and stationery
☛business telephone and rental
☛bank charges and interest on business loans and overdrafts
☛travel and entertaining if the sole purpose is to retain or acquire business
☛legal costs of defending business rights and renewing leases of less than 50 years duration
☛bad debts and specific doubtful debts
☛protective clothes necessary for the business
Submitted by:
☛the cost of goods bought for the business
☛the prime costs of running a business asse
☛wages and salaries of employees
☛heat, light and cleaning of business premises
☛repairs to and maintenance of business premises
☛postage and stationery
☛business telephone and rental
☛bank charges and interest on business loans and overdrafts
☛travel and entertaining if the sole purpose is to retain or acquire business
☛legal costs of defending business rights and renewing leases of less than 50 years duration
☛bad debts and specific doubtful debts
☛protective clothes necessary for the business
Submitted by:
Read Online Taxation Job Interview Questions And Answers
Top Taxation Questions
| ☺ | What is the difference between Sales Tax and VAT? |
| ☺ | How to deduct tds on rent when it includes st? |
| ☺ | HOW TO FILE TDS/TCS TAX CHALLAN AND WHAT IS THE LAST DATE FOR THIS? |
| ☺ | If A is purchased Excise Duty paid goods i.e. H.R.Sheet. He want to sell the same as vat bill without excise. It can be possible? |
| ☺ | What is Sale in Transit Transaction and what are the forms issued and get form parties? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
