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Income tax can be paid by director

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(Querist)
13 December 2012 Sir,
Please tell me , may a director pay income tax on behalf of company and what will be the treatment of the same in books of company . will it be reimbursed by company to director .
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@VaibhavJ

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@VaibhavJ (Expert)
13 December 2012 Hey

Its co.liability to pay taxes then if director is paying then same to be reimbursed, however TAN no. should be of co. to get tax credit.

Thanks//Vaibhav
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HARI KRISHNA

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HARI KRISHNA (Expert)
13 December 2012 AGREED WITH THE EXPERT




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