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Employee Pays On behalf of Company

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(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 !
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
27 January 2010 Its a simple case of reimbursement. No tax/perquisite will be applicable.
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Manoj Mane

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Manoj Mane (Querist)
27 January 2010 Thanx a lot,
but what about disclosures required r there any ?
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