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Bill of Expenses

This query is : Resolved 
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20 July 2010 PLEASE TELL ME IF A COMPANY GIVES IMPREST TO ANY DIRECTOR OR CEO FOR VARIOUS EXPENSES FOR EXAMPLE GIFTS PURCHASED FOR BUSINESS PROMOTION,OR ANY OTHER SIMILAR EXPENSES INCURRED THEN:
SHOULD THE BILL BE IN THE NAME OF DIRECTOR OR COMPANY.
I THINK IN THE NAME OF COMPANY.
IF THEY ARE IN THE NAME OF DIRECTORS DUE TO IMPREST THEN WHAT CAN BE DONE TO ALLOW THEM.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
20 July 2010 Bill should be in name of Comapny.
If bills are in the name of director, then AO can disallow the expenses.
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