Payment of honorarium to secretary is treated as
Answers
Answer:
Payment of honorarium to the secretary is treated as revenue expenditure.Honorarium refers to a small amount of money that is paid to a person in return for his service for which usually no money is to be paid.
Payment of honorarium to secretary is treated as Revenue expenditure.
Explanation:
Honorarium is paid to the secretary as Revenue expenditure. An honorarium is a voluntary payment that is given to guest speakers for whom fees are not given for their services. This is considered as Taxable income and daily allowance is given to honorarium to cover hotel stay, travel and food charges. Honorarium contributes its services mainly in universities, conferences. It is a remuneration practice for teachers in schools and sports clubs.
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