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Payment of credit card of director

This query is : Resolved 

28 January 2015 one of the director is paid his own credit card payment through the company bank account.?

what are the consequences for the above according to IT Act and Company Law 2013?

28 January 2015 If he has spent the amount for company expenses(flight and hotel bookings for company travel) being reimbursement it can be paid.

29 January 2015 if not for the company expense then?




02 February 2015 Seetharamn ji please give me the answer of above query ?

02 February 2015 Seetharamn ji please give me the answer of above query ?

02 February 2015 If not for company expenses recover it from the remuneration payable. As per companies Act 2013, except remuneration, no such payments can be made to Director. Such payments will not be allowed as expenses of the company for income tax computation.



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