Non-compliance with the provisions of the law, such as expenditure on which TDS should have been deducted and paid but has not been deducted and paid; incurring cash payments exceeding Rs.10,000; certain expenditure allowed on payment basis only; interest on delay in payment of TDS; and delay in remitting ESI and PF contributions to the government are some of them. Personal expenses cannot be claimed as business expenses. Another reason is a lack of proper maintenance of documents such as vouchers and invoices for expenses incurred
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Disallowed Expenses
Insurance such as trip cancellation, personal health, or life insurance.
The use of State funds to accommodate personal comfort, convenience, or taste.
Lost or stolen articles.
Alcoholic beverages.
Damage to personal vehicle, clothing or other items.
Movies charged to hotel bills.
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Answer:
Non-compliance with the provisions of the law, such as expenditure on which TDS should have been deducted and paid but has not been deducted and paid; incurring cash payments exceeding Rs.10,000; certain expenditure allowed on payment basis only; interest on delay in payment of TDS; and delay in remitting ESI and PF contributions to the government are some of them. Personal expenses cannot be claimed as business expenses. Another reason is a lack of proper maintenance of documents such as vouchers and invoices for expenses incurred