Director expense in the name of company


This query is : Resolved 

Quick Summary
If you're a director of a private limited company and have paid for business expenses like internet, rent, or utilities from your personal account, you can claim these back from the company. It's important to withdraw the funds from the company to cover these costs. You also need to be mindful of any Tax Deducted at Source (TDS) obligations that might apply depending on the expense amount and relevant rates.

05 January 2024 i am director of a private limited company if i pay internet charge, rent, utility charges from my own account can i claim this expense from company itr, if i pay from my own bank account

RAJA P M (Expert)
05 January 2024 Yes, But withdraw the amount as per expenses...

14 January 2024 We have to take care of any TDS that needs to be deducted while paying as per slabs / rates etc

RAJA P M (Expert)
14 January 2024 TDS...??! How can TDS provisions care of this..?


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