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(Querist)
23 October 2010 Hello Experts
I am sanjay speaking. I am an accountant in pvt ltd co. My point is that: The director of the Co has paid a credit Card payment of his own from Co's Account. The expenses done by him for the purpose of Co's Entertainment. Kindly advise whether the co can make payment or not. If yes, then what will be treated.
it is urgent.
thanks & regards
sanjay
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CA Navin Jain

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CA Navin Jain (Expert)
23 October 2010 YES, DIRECTOR CAN MAKE THE PAYMENT ON THE BEHALF OF COMPANY FORM HIS OWN ACCOUNT OR CREDIT CARD
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taxindiaconnect

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taxindiaconnect (Expert)
23 October 2010 Agreed no restrictions under income tax
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Mayur Agrawal

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Mayur Agrawal (Expert)
24 October 2010 agreed with navin
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