- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
- Posts
Dear Sir,
As the Entertainment expenses (Sec 38A)incurred on discharging the
employee’s duties (i.e. visiting clients, meeting, promotion, road
show & etc). However, the Entertainment expenses is restricted
to Entertainment allowance;It defined that
Deductible Entertainment expenses CANNOT CLAIM> Max Allowance figure can be takenE.g
Case 1
Entertainment (expense>allowance )
Given
Entertainment allowance RM6,000
Entertainment expense RM8,000Deductible Entertainment Expenses is RM6,000 ONLY
Case 2
Entertainment (expense>allowance )
Given
Entertainment allowance RM5,000
Entertainment expense RM8,000Deductible Entertainment Expenses is RM5,000 ONLY
Case 3
Entertainment (expense<allowance )
Given
Entertainment allowance RM8,000
Entertainment expense RM5,000Deductible Entertainment Expenses is RM5,000 ONLY
Am I correct to all above case stated??
I am weird that case 3 do this will be NIL or RM5,000?? as Entertainment (expense<allowance ) do IRB will allow me to deduct again?
Thank you.
These forums are primarily designed for students to help one another. If you want the tutor to answer a question or questions directly, please ask on the ask the tutor forums. The forum below is one for this subject-
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-taxation-tx-uk-exams/Hope this is helpful.
- You must be logged in to reply to this topic.