Employee Pays On behalf of Company
This query is : Open
Manoj Mane
(Querist)
27 January 2010
Hi All,
What if an employee pays on behalf of the company to the vendors through his credit card and company pays him by settling his credit card bills...
And what of same happens in case of director
Pls reply in case Employee is a relative/non relative of director.
If possible give references to sec/AS
Thanx in advance !
What if an employee pays on behalf of the company to the vendors through his credit card and company pays him by settling his credit card bills...
And what of same happens in case of director
Pls reply in case Employee is a relative/non relative of director.
If possible give references to sec/AS
Thanx in advance !
CA. Pradeep Nayak
(Expert)
27 January 2010
Its a simple case of reimbursement. No tax/perquisite will be applicable.
Message likes :
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Manoj Mane
(Querist)
27 January 2010
Thanx a lot,
but what about disclosures required r there any ?
but what about disclosures required r there any ?
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