credit card exps.reimbursement query
This query is : Resolved
25 June 2010
hiiii....
I want to know that
whether payment of expenses made from personal credit card for company are allowable if we reimbursed the expenses amount from company.
Its urgent
Thanking you
Mayank
1986rg@gmail.com
I want to know that
whether payment of expenses made from personal credit card for company are allowable if we reimbursed the expenses amount from company.
Its urgent
Thanking you
Mayank
1986rg@gmail.com
25 June 2010
Yes allowable, provided the Credit Card Bill for the relevant expenditure is attached as evidence and the AO get satisfied to allow U?S 37 of IT Act
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